Auction opportunity with long lease, garage, and renovation potential.
Ground-floor two-bedroom flat with small garden
A ground-floor, two-bedroom flat with extended lease (approx. 132 years) and clear investment potential in central Penarth. The property includes a small front garden and a nearby garage, and is chain-free, simplifying purchase at auction. The flat is a short walk — around 15 minutes — from town-centre amenities, public transport and local services.
The interior requires upgrading throughout: cosmetic and modernisation work is needed to kitchens, bathroom and general finishes. Heating is by mains-gas boiler and radiators; double glazing was fitted after 2002 and the EPC is C. Structural issues are not stated, but the property dates from the late 1960s/early 1970s and cavity walls are assumed uninsulated, so buyers should allow for potential insulation or energy-efficiency improvements.
Practical positives for investors include the long lease, nominal ground rent and included garage which adds rental or resale appeal. The flat will be sold at auction (bidding opens 8 Dec 2025, closes 10 Dec 2025) — suitable for buyers who can move quickly and manage renovation projects. Note: council tax is above average and the local area shows higher deprivation, which may affect rental yields and demand in some segments.
Viewings are recommended to assess scope of work and refurbishment costs. This is a straightforward refurbishment opportunity for a buyer aiming to add value through upgrading and redecoration, or an investor seeking a mid-priced Penarth property close to town amenities.
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