Summary - 59, WELLINGTON AVENUE L15 0EH
1 bed 1 bath Studio
Immediate rental income with tenant in place close to transport and amenities.
Let until 30 June 2026 at £505 pcm, income on completion
EPC B, mains gas boiler and radiators, double glazing present
Private bedroom with shared kitchen/living and shower room
Sold at auction 27 Nov 2025; binding contracts exchanged on sale
Leasehold — ground rent/service charge details in legal pack
Auction costs: 5% deposit (min £5,000) and 4.8% buyers’ fee (min £6,000)
Located near town centre and train station; fast broadband, excellent mobile
High local crime and very deprived area; shared facilities and possible maintenance
A compact student bedsit offering immediate rental income, currently let at £505 pcm with the tenancy running until 30 June 2026. The unit comprises a private bedroom with shared access to a communal kitchen/living/dining area and shower room within a modern purpose-built block close to the town centre and train station.
This leasehold lot is being sold at auction on 27 November 2025 and will be offered with the tenant in situ. EPC rating B, mains gas central heating and double glazing (installed before 2002) support energy efficiency and appeal to the student market. Fast broadband and excellent mobile signal suit modern tenants.
Important negatives are clear: the property sits in a very deprived area with high local crime rates, and it is sold under leasehold terms with service charge and ground rent review details only available in the legal pack. The sale carries customary auction costs — a 5% deposit (minimum £5,000) and a buyers’ fee of 4.8% (minimum £6,000 including VAT) — so bidders should factor these into their purchase budget.
The unit suits investors seeking a low-entry, let student asset with straightforward management potential. Prospective buyers must review the legal pack carefully, note that internal photos are stock images, and be prepared for shared facilities and potential building-level charges or future maintenance items.
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