Low entry price investment with refurbishment potential and vacant possession.
Ground-floor two-bedroom apartment, about 622 sq ft
A ground-floor two-bedroom apartment offered for sale by online auction, presented as a value-buy for investors willing to take on a refurbishment. The flat occupies part of a Victorian terrace and measures about 622 sq ft, arranged with lounge, two bedrooms, kitchen, bathroom and a small outdoor space. It will be sold with vacant possession and has estimated rental potential around £1,000pcm.
The property is leasehold and will be sold at auction; bidding opens 10 November and closes 11 November. There is an administration fee of £3,600 (inc. VAT) payable on exchange, and purchasers must check the legal pack for any additional disbursements. The EPC rating is E and council tax band A indicates low local tax costs.
Important constraints: the area has a high flood risk and higher local crime rates, and the building is likely uninsulated solid brick construction. The flat shows period character but will need updating and possible remedial works (heating is mains gas boiler and radiators; glazing is older double glazing). This is a straightforward project for a hands-on investor prepared for renovation and position-related risk.
Nearby schools and transport links are convenient, and the flat sits in an area classified as constrained renters. For a buyer focused on yield and capital uplift through refurbishment, this presents a low-entry-price opportunity, but buyers must factor in mitigation for flood risk, security measures and the auction-related fees.
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