Strong rental yield potential near transport and student hubs.
Freehold 3 bed, 2 bath flat in converted Victorian building
This three-bedroom, two-bath flat sits within a converted Victorian building in a central G5 location. At about 1,209 sq ft across a multi-story layout, the apartment offers generous rooms and flexible space suited to long-term lets or sharers. Broadband is fast and mobile signal excellent, supporting professional tenants and students.
The home report values the property at £270,000; it is offered at £225,000 via a timed online auction, presenting an immediate discount and potential upside. Local comparable sales and an estimated rental range of £2,000–£2,500pcm indicate strong income potential for investors seeking above-average yields.
Buyers should note this is a freehold lot sold at auction — purchase conditions and buyer fees will apply. The surrounding area is classified as very deprived and is primarily student and commuter-focused, which brings steady rental demand but can influence tenant mix and local management needs. Council tax is described as quite expensive and should be factored into holding costs.
Overall, the flat is best suited to investors or landlords looking for an income property with instant scale, or a buyer willing to manage a city-centre asset in a lively, student-oriented neighbourhood. The combination of period character, central location and discounted auction price creates clear upside, provided purchasers allow for the area’s socio-economic context and auction purchase process.
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