Cash-only opportunity for hands-on investors seeking refurbishment potential.
Top-floor two-bedroom flat with garage and communal garden
Top-floor two-bedroom flat in the popular Shrubbery area, offered with no onward chain and vacant possession. The apartment includes a generous lounge with pleasant outlook, separate kitchen, two double bedrooms and a garage — practical assets for a buy-to-let or cash purchase. Double glazing and communal garden add comfort and curb appeal.
Important leasehold constraint: only 45 years remain on the lease. Many mortgage lenders will refuse to lend on this property, so it is being marketed for cash buyers only. There is an annual ground rent of £10 and a monthly management charge of £140, which should be factored into ownership costs and any rental calculations.
The interior shows its mid-1970s origins and would benefit from updating and modernisation to maximise rental yield or resale value. Heating is by electric night-storage heaters, and main fuel is electricity; this will influence running costs and tenant appeal. Broadband speeds are reported slow locally, and the area has above-average crime and higher deprivation, all relevant for investor risk assessment.
For a cash buyer or experienced landlord this flat offers immediate entry to the area with a garage and communal outdoor space, sensible room sizes, and no chain delays. However, the short lease, required modernisation and local market factors mean this suits buyers who can proceed without mortgage finance and who budget for refurbishment and service charge liabilities.
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