Auction-ready flat with parking and long lease near hospital and shopping.
Allocated off-street parking space included
Open-plan kitchen/living with canal-facing views
Long lease: 113 years remaining (leasehold)
Sold at auction — cash or quick-completion buyers preferred
High service charge: £4,100 per year
Ground rent £352 per year; leasehold costs apply
Electric room heating only; check running costs and appliances
Area has high crime and very deprived indicators — affects rental/resale
This first-floor, two-bedroom apartment sits in a converted modern block on Waterfront West and will be sold at auction — an option that may suit cash buyers or investors seeking quick completion. The flat offers open-plan living with a fitted kitchen, allocated off-street parking and canal-facing views that add local appeal. With 113 years remaining on the lease and no onward chain, the legal position is straightforward for a leasehold purchase.
Running costs are mixed: the property uses electric room heaters and double glazing is fitted, but the recorded service charge is high at £4,100 per year and ground rent is £352 annually. The building was converted in 1990 and the accommodation is average-sized at around 870 sq ft; buyers should budget for ongoing maintenance and check appliance and heating condition before purchase.
Location strengths include proximity to Russells Hall Hospital (about a five-minute drive), Merry Hill shopping and nearby bars, restaurants and local canal and countryside walks — features that support rental demand. Conversely, the wider area scores high for crime and is classed as very deprived, which will influence re-letting strategy and long-term resale values.
This property is most suitable for investors or cash-ready buyers who can act at auction and who accept the higher service charge and leasehold costs in exchange for long lease length, convenient parking and waterfront outlook. A clear inspection and due-diligence on service charge accounts, heating systems and building management are recommended before bidding.
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