Summary - 26 CADOGAN CLOSE BECKENHAM BR3 5XY
2 bed 1 bath Flat
Immediate rental income in an affluent, well‑connected location.
Two-bedroom first-floor flat, 628 sq ft, EPC C
Assured shorthold tenancy in place, income £1,400 pcm (£16,800 pa)
Leasehold with c.48 years remaining — lenders may refuse mortgages
Sold at public auction; legal pack review essential
Communal gardens, off‑street parking and a garage included
Gas central heating, double glazing, mid‑century purpose-built block
Located near Shortlands station, highly qualified local area, low crime
Buyer likely to need to fund lease extension (Section 42 premium)
A first-floor two-bedroom flat in a mid‑century block, offered at auction with an assured shorthold tenancy producing £16,800 per year. The apartment is an average-sized 628 sq ft unit with a reception room, kitchen, bathroom and separate WC, double glazing and gas central heating. Outside there are communal gardens, off‑street parking and a garage. The property has an EPC rating of C.
This lot will suit investors seeking immediate rental income in a very affluent area with good transport links (Shortlands station nearby) and strong local schools. The existing tenancy provides predictable cashflow from day one and the block’s communal grounds and garage add practical appeal for tenants.
Important: the lease has approximately 48 years unexpired. Many mortgage lenders are likely to refuse lending on such a short lease, and a buyer should factor in the cost and process of a statutory lease extension (or enfranchisement) to secure long‑term value. The property is being sold at public auction and will require purchase knowledge of the legal pack and lease extension process.
Overall this is a straightforward rental investment with immediate income, located in a low‑crime, well‑connected neighbourhood — but the short lease is a material constraint that will affect mortgageability and future resale unless extended.
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