Auction opportunity for cash buyers or experienced investors.
Three-bedroom seventh-floor flat in purpose-built block
A three-bedroom seventh-floor flat in a purpose-built block, offered vacant and for sale by public auction. The property includes a living area with kitchenette, bathroom/WC and benefits from electric heating and an EPC rating of C. It sits in communal grounds and has double glazing (install date unknown).
This lot is a clear purchase for experienced investors or cash buyers seeking a low-entry auction opportunity with short leasehold tenure. The flat has approximately 33 years remaining on the lease; many mortgage lenders will refuse to lend on such short leases, so buyers should plan for cash purchase, remortgage challenges, or lease-extension costs. The sale will be subject to the auction terms, purchaser administration fee and any additional costs listed in the legal pack.
Location offers fast broadband, excellent mobile signal and proximity to several schools including an outstanding girls’ secondary. The wider area is an inner-city, urban cultural mix with higher crime rates and local deprivation — factors that influence rental demand and lettings risk. The building’s 1967–75 construction, electric room heaters and filled cavity walls indicate limited communal investment and likely ongoing maintenance needs.
Before bidding, obtain the legal pack and arrange a survey. The flat has short-term potential for income or refurbishment, but material drawbacks (short lease, likely lender refusal, elevated local crime and possible repair requirements) must be costed into any offer.
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