Renovation project with strong rental upside close to local shops and tram.
Top-floor three-bedroom flat with dining-room/third-bedroom layout
720 sq ft; compact overall size but flexible room configuration
Offered to cash buyers only due to limited 45-year lease remaining
High service charge approx. £3,600pa; factor into yields
Requires full renovation throughout; good scope for improvement
District heating (community scheme) and double glazing present
Very high local crime and area deprivation — consider location risk
Medium flood risk and potential insulation/structural upgrades needed
Set on the top floor of a mid-20th century block, this three-bedroom flat is offered for cash buyers and priced to reflect its renovation needs. The layout includes lounge, kitchen, bathroom, two bedrooms plus a dining room/third bedroom and a utility balcony room, with communal gardens and permit/off-street parking. District heating (community scheme) and double glazing are in place, but key systems and finishes need attention.
The property presents clear investment potential: 720 sq ft of accommodation in a Hillsborough-adjacent location with strong local rental demand and fast broadband. At the asking price it can produce attractive rental returns after upgrade, particularly for buyers able to carry out refurbishment and lease-extension work. The building’s service charge is significant and should be factored into running costs.
Important drawbacks are factual and material. The lease has only around 45 years remaining — many mortgage lenders may refuse to lend, which is why the sale is for cash buyers only. The flat requires renovation throughout, the local area records very high crime and notable deprivation, and there is a medium flood risk. The property is sold as-is and will suit an investor or experienced developer comfortable with lease and building constraints.
Viewings are most relevant to cash investors looking for a renovation project in a well-connected area with communal amenities, or buyers prepared to manage lease extension and refurbishment costs to unlock longer-term value.
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