Summary - 16 16 Portfolio of 6 Residential Units (2) KA22 8JF
1 bed 1 bath Flat
One-bedroom flat in a six-unit auction portfolio with strong yield potential..
High estimated gross yield of circa 19% across the portfolio
This one-bedroom main-door flat forms part of a six-unit portfolio offered at auction, presented as a high-yield investment opportunity. With five of the six properties currently vacant and most in need of renovation, the portfolio is being marketed with an indicative gross yield of circa 19% on the guide price and an estimated discount of around 35%+ to potential value. The flat itself is an average-sized, traditional-layout property (approx. 581 sq ft) with high ceilings and period features visible in the terrace elevations.
Practical realities are clear: the property requires renovation and will be sold as seen at auction. Tenure is not specified in the information provided, so buyers should review the legal pack and verify title and any outstanding liabilities before bidding. The portfolio benefits from not being liable for LBTT, which can reduce immediate purchase costs and free funds for refurbishment.
Location factors are mixed. The area is described as very deprived with local classifications indicating hard-pressed flat dwellers, which may affect rental demand and long-term capital growth. Positive local amenities include coastline access, playgrounds, shops and leisure facilities; mobile signal and broadband speeds are reported as excellent and fast. Viewing is essential to assess condition and refurbishment scope before purchase.
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