Long lease and tenant in place for immediate rental income.
Two-bedroom leasehold apartment, approx. 520 sq ft
A compact two-bedroom leasehold apartment offered with a tenant in situ and an attractive rental yield, presented for sale by Modern Method of Auction. The open-plan kitchen/living room is the apartment’s main space and benefits from fitted units and integrated appliances. A double bedroom with built-in wardrobes and a smaller single bedroom provide straightforward rental accommodation. The property includes gated communal gardens and off-street parking, plus gas central heating and double glazing.
The long lease (161 years remaining) and below-average service charge make this a clear choice for buy-to-let buyers seeking predictable holding costs. The apartment’s size (approximately 520 sq ft) suits single professionals, couples or a tenant pair rather than a family needing larger rooms. There is clear scope for modest cosmetic updates to increase rental value and long-term capital growth.
Buyers should note material transaction considerations: the property is sold at auction by the Modern Method of Auction and carries a non-refundable reservation fee and a buyer information pack charge; completion is required within the stated reservation period. The apartment is in an area with very high recorded crime levels and high local deprivation, which will influence tenant demand, insurance and resale prospects. The flat is sold with a sitting tenant, so possession will be subject to existing tenancy terms.
Overall, this is a low-entry-cost investment for purchasers comfortable with auction procedures and market conditions in a transitional, high-yield neighbourhood. Work limited to cosmetic improvement and professional management could stabilise income and help future capital appreciation, but purchasers must factor in area risk and auction-related fees when calculating returns.
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