- Three-bedroom second-floor flat, approx 800 sqft
- Offered at auction; guide price £35k–£40k
- Lease circa 59 years remaining — lenders likely refuse
- Requires full modernisation throughout
- Gas central heating; majority UPVC double glazing
- EPC rating C; Council Tax Band A (very cheap)
- Communal gardens and off-street parking to rear
- Located in a very deprived area; high local crime
A three-bedroom second-floor flat offered at auction with clear short-lease and refurbishment potential. The apartment sits in a mid-20th-century block in a cul-de-sac off Upper Church Lane and includes gas central heating, mostly UPVC double glazing and a small balcony off the living room. Communal gardens and ample communal parking lie to the rear; the flat measures about 800 sqft and EPC is C.
This property requires full modernisation — interior fixtures, finishes and likely cosmetic and systems work — so it suits a buyer prepared to invest time and cash. There are material financing constraints: the lease has around 59 years remaining, which many mortgage lenders will refuse to lend on, so purchase is most realistic for cash buyers or specialist lenders. Ground rent is £60pa (rising to £72pa in 2051) and service charge details are in the legal pack.
The location is in a very deprived, high-crime area within a major conurbation, which will affect lettability, resale and local amenity quality. Council Tax band A keeps running costs low, and mobile signal and broadband are reported good. Guide price is £35,000–£40,000 and the lot is due at auction on 10th September; check the legal pack and factor repair, safety and lease costs before bidding.
Suitable for investors seeking a low-entry auction buy for refurbishment and rental, or a cash buyer willing to modernise. Not recommended for buyers requiring standard mortgage finance, or those seeking a low-risk family home without substantial work.