Quick-complete refurbishment opportunity with strong rental potential near Eastville amenities.
Allocated off-street parking space included
Potential rental income circa £15,600 pa after refurbishment
Top-floor unit — access via communal stairs only
Requires cosmetic refurbishment throughout
Service charge approximately £1,576 pa
Buyer’s premium payable on exchange (check legal pack)
High local crime levels; area classed as very deprived
Tenure details unclear (freehold noted alongside 130-year lease)
A compact two-bedroom top-floor apartment in Eastville offered at auction — suited to investors or buyers prepared to renovate. The flat includes an allocated off-street parking space, an EPC rating of C and an estimated rental income of about £15,600 per year once refurbished, giving attractive yield potential at the guide price.
The interior requires cosmetic refurbishment: carpets removed, fixtures dated and electric storage heaters in place. The building carries an annual service charge of about £1,576 and purchasers should budget for the buyer’s premium and refurbishment costs. Completion is targeted at eight weeks from exchange, which suits buyers needing a quick turnaround.
Important legal and sale details are provided in the auction pack: sale by online auction with a preliminary deposit, buyer’s premium payable on exchange, and shown tenure information includes both “freehold” and a 130-year lease reference — the legal pack should be checked to confirm tenure. The flat faces a busy arterial road in a very deprived area with high local crime statistics; factor location and management of communal areas into any investment appraisal.
This is a straightforward value-add opportunity: minimal structural complexity, strong local rental demand, and quick completion make it appealing to investors or first-time buyers confident in managing a modest refurbishment programme.
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