Low-cost auction entry for cash buyers or investors seeking affordable town-centre stock.
Top-floor two-bedroom apartment, approx 660 sq ft
A rare low-entry opportunity in the centre of Melton Mowbray, this top-floor two-bedroom apartment occupies part of the Grade II listed George Hotel conversion. At around 660 sq ft the home offers two double bedrooms, a living room and a fitted kitchen with integrated appliances — compact but finished to a modern standard and ready for immediate occupation or letting.
Sold via online auction with a starting bid of £75,000, the property is chain free and has 114 years remaining on the lease. Service charge (£650 per quarter) and ground rent (£401 pa) are payable; an EPC rating of C and very low flood risk are practical advantages for future occupants or tenants.
Notable constraints are material to buying decisions: the building's listed status may limit alterations and could complicate maintenance or refurbishments. There is no allocated parking or private outdoor space, and on-street parking only. The area has above-average crime levels, which investors should factor into lettings or insurance costs.
Prospective buyers must follow the auction process: a 5% non-refundable deposit on exchange, plus a reservation fee (up to 6% inc. VAT, minimum £7,200) on agreement of sale. A legal pack is available and buyers should obtain legal advice and complete identity verification before bidding. Viewing is strictly by appointment.
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