Summary - Flat 13, Studio House, 22 Mount Street NG7 7HX
2 bed 1 bath Flat
Affordable auction opportunity near local amenities and fast broadband.
539 sq ft two-bedroom flat in converted industrial building
This two-bedroom leasehold apartment occupies 539 sq ft within a converted industrial building on Mount Street, offered at auction with a starting bid of £80,000. The layout provides basic living space and rental or owner-occupation potential for a buyer prepared to manage some updating. The property has double glazing (install date unknown), electric room heaters and an EPC rating of D.
Important practical points are clear: the flat is small, located in a very deprived area with above-average local crime, and will be sold under auction conditions that require a 5% non-refundable deposit on exchange plus a reservation fee (up to 6% inc. VAT, minimum £7,200). Buyers should review the legal pack, complete identity verification, and allow for auction closing conditions and additional purchase costs, including potential Stamp Duty Land Tax.
For investors the flat’s low entry price and fast broadband/excellent mobile signal are attractive for rental demand, particularly given nearby schools and local amenities. For an owner-occupier or first-time buyer, expect modest maintenance and heating costs due to electric-only heating and room heaters; some cosmetic or functional refurbishment may be needed to maximise comfort and value.
Viewings are strictly by appointment. Prospective buyers are advised to read the legal documentation thoroughly and to budget for immediate purchase-related costs and any necessary upgrades to heating or internal systems.
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