Cash-friendly buy at auction with parking and modern shower room.
Central Barwell location, close to shops and schools
A compact one-bedroom second-floor apartment in the centre of Barwell, offered for immediate exchange and being sold via secure sale at auction. The open-plan lounge/kitchen and modern shower room suit a low-maintenance rental or a straightforward cash purchase. An allocated off-street parking space and double glazing add practical convenience.
Important buyer information: the lease has 64 years remaining and mortgage lenders are likely to refuse lending — this property is best suited to cash buyers or investors able to buy without a mortgage. Service charge is £238.83 per quarter (approximately £923 annually) and ground rent is £16.67 per quarter (£66 annually).
Practical considerations include electric room heaters rather than central heating and generally slow broadband speeds; these factors affect running costs and tenant appeal. The building dates from the 1980s with a timber-frame construction and converted attic layout, so ceiling slopes and compact room sizes are expected.
This is a straightforward, low-upkeep purchase for someone seeking central location and rental potential near shops, schools and transport links. The above-average local crime rate and lease length are material constraints — factor these into any refurbishment, rental or resale plans.
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