Low-priced auction lot with refurbishment upside for experienced buyers.
One-bedroom leasehold flat, approx. 478 sq ft
A one-bedroom, 478 sq ft leasehold flat in a Brutalist tower block offered at auction — priced to reflect its refurbishment need and legal restrictions. The apartment is vacant and requires minor works; internal images show clean, contemporary finishes but the building and setting are utilitarian. Broadband speeds are slow but mobile signal is excellent, and the property sits in a very deprived, high-crime area of L33.
This lot suits experienced investors or developers comfortable with buying at auction and working through title and use restrictions. Importantly, the seller warns the property is not currently intended for residential use; prospective buyers must review the legal pack and make their own enquiries with local authorities about permitted uses before bidding. The auction is online — check the legal pack and register to bid.
Value drivers are the low guide price and the vacant status that allows immediate possession after purchase, plus typical refurbishment upside for resale or alternative lawful use if approved. Material drawbacks: leasehold tenure (details in the legal pack), the explicit prohibition on residential occupation at present, a very deprived local area with above-average crime, and slow broadband. Buyers should commission their own inspection and legal advice prior to bidding.
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