Summary - Apartment 94, Candia Tower, Jason Street L5 5EN
3 bed 1 bath Flat
Spacious investment flat with balcony and long lease in a central, well-connected location.
Three bedrooms and 819 sq ft of accommodation
Balcony with city-centre outlook
Long lease: approximately 236 years remaining
Sold at auction — buyer’s premium and strict completion terms
Service charge around £2,220 per year
Electric room heaters; no central heating system
Area classified as very deprived; local crime rate high
Built 1967–75 with likely uninsulated system-built walls
A three-bedroom apartment in Candia Tower offered for sale at auction presents a city-centre buy-to-let opportunity. The flat includes a lounge, kitchen/diner, bathroom, WC and a balcony overlooking the local streets. With 819 sq ft and a long lease (236 years remaining) the layout suits multiple-tenancy or refurbishment for improved rental yield.
The property is double glazed and uses electric room heaters; main services are not communal. Service charges are substantial at about £2,220 per year and the building was constructed in the late 1960s–1970s with system-built walls likely lacking insulation—factor in potential upgrade costs. The area is classified as very deprived with a high local crime rate, which will influence tenant demand and rental value.
Sold at auction with a buyer’s premium and strict completion timetable, this lot suits experienced investors comfortable with auction purchase mechanics and with funds available for immediate completion and any required works. There is no chain and the sale is unconditional on fall of the hammer. Nearby state schools include several rated Good or Outstanding, and transport and broadband are strong—useful for attracting renters.
In short: the flat gives clear investment potential because of size, central location and long lease, but budget for service charges, electric heating, possible insulation works and the impact of local deprivation and crime when setting rent or resale assumptions.
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