Budget-priced buy-to-let with parking and balcony, suited to investors.
Allocated off-street parking space included, convenient for tenants or owners
Newly renovated interior with laminate floors and double glazing throughout
First-floor apartment with corner balcony and pleasant elevated valley view
Leasehold with 104 years remaining; buyer responsible for lease terms
Electric panel heating — higher running costs than gas central heating
Very slow broadband speeds locally; not ideal for heavy remote working
Located in a deprived area with very high crime — impacts insurance/lettings
Public notice/repossession present; obtain full legal/registration details
Priced at £55,000, this first-floor two-bedroom apartment sits in a purpose-built, modern city-centre block in a multicultural student neighbourhood. The property has been newly renovated and includes double glazing, laminate floors, a corner balcony with elevated valley views, and an allocated off-street parking space — practical benefits for buy-to-let use or a low-cost city base.
The flat is currently leasehold with 104 years remaining and is served by electric panel heaters. Council Tax Band C is affordable, but buyers should expect higher running costs than gas-heated properties because heating is electric. Broadband speeds are very slow in the area, which may affect tenants who need reliable high-speed internet.
This location offers excellent access to public transport, retail and leisure amenities and a pool of potential tenants from the nearby student population and city workers. However, the wider area is classified as deprived with very high crime levels; that will influence tenant profiles, insurance costs and rental values. There is also a public notice/repossession recorded against the property — interested parties should obtain full legal details before proceeding.
For investors, the low purchase price and parking provision present a clear opportunity to secure a city-centre let quickly following the straightforward newly renovated finish. For owner-occupiers or first-time buyers seeking long-term comfort, consider the higher running costs, broadband limitations and local area issues when assessing suitability.
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