Secure-sale investment with immediate rental income and parking close to town..
Two-bedroom first-floor apartment, 369 sq ft
Tenant in situ currently paying £600pcm
Off-street allocated parking for one vehicle
Gas central heating; wall-mounted combi boiler
Sold via Secure Sale / online auction, starting bid £50,000
Leasehold — review lease details and service charges
Small footprint and dated decor; requires cleaning/refurbishment
Auction fees: 5% deposit and up to 6% reservation fee
Offered as a Secure Sale lot with a £50,000 starting bid, this first-floor two-bedroom apartment is sold with a tenant in situ (paying £600pcm) and no upward chain. The compact 369 sq ft layout includes an open-plan living/kitchen with Juliet balcony, gas central heating and one allocated off-street parking space. Immediate exchange of contracts is available for a quick purchase process.
The property presents clear investment potential: established rental income, low council tax and proximity to Stoke town centre, A500 and A34. The building is modern brick and low-maintenance, making it straightforward to manage alongside tenants. Viewings are by appointment only and the sale will follow auction terms — purchasers should review the legal pack and be prepared for standard auction fees and deposits.
Buyers should note practical drawbacks: the flat is small and shows dated decor and general wear that will need cleaning or refurbishment. It is leasehold and sold under auction conditions requiring a 5% non-refundable deposit on exchange and a reservation fee of up to 6% (minimum £7,200 inc VAT). The apartment is offered with a tenant, so vacant possession is not available on completion.
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