Vacant buy-to-let near South Ockendon station, sold at auction.
- Vacant ground-floor one-bedroom flat, immediate possession
A ground-floor one-bedroom flat offered vacant and due to be sold at public auction — a straightforward purchase opportunity for investors. The layout provides a living room, kitchen, bedroom and bathroom within a compact 485 sq ft footprint and includes a private garden and communal grounds. The building is a mid-20th-century, system-built structure with external insulation and double glazing; heating is by electric storage heaters.
Notable positives include a long lease (circa 118 years remaining), low annual service charge (£610) and minimal ground rent (£10). The flat is a short walk to South Ockendon railway station and local amenities, which supports lettability in this commuter location. The property is vacant on completion, allowing immediate re-letting or refurbishment.
Important practical cautions: the block is of non-standard construction, which may restrict mortgage availability and affect valuation — prospective buyers must consult the legal pack and lenders. The building dates from the late 1960s–1970s, so buyers should allow for potential refurbishment costs and the limitations of electric storage heating. Sale will proceed by public auction; check the auction conditions and buying fees.