Bright investment flat close to town — auction sale suited to cash buyers..
Top-floor one-bedroom flat with large rooms and modern fitted kitchen
A top-floor one-bedroom apartment in a period building, this flat offers straightforward rental potential and easy management for a cash investor. Large rooms and a modern fitted kitchen give immediate tenant appeal; double bedroom has two skylights for extra daylight. Communal gardens, a rear car park and a storage shed add practical value rarely found at this price point.
Important practical notes are clear: the property is leasehold with 64 years remaining and will be sold at auction, so standard mortgage lending may be refused. The flat is currently tenanted, EPC rated E, and has no central heating system recorded (electric heaters assumed), so buyers should budget for heating upgrades and potential energy improvements.
Service charge and running costs are material factors: an average service charge of £2,500 pa and a small ground rent of £50 apply. The property sits in an area with above-average crime and relative deprivation, though it benefits from excellent mobile signal, fast broadband and close proximity to the city centre, shops and frequent public transport — features that support steady rental demand from students and young professionals.
This lot is best suited to cash buyers or experienced investors comfortable purchasing at auction and handling short-lease management. There is clear scope to increase value through energy and heating upgrades and cosmetic refurbishment, but buyers must factor in legal pack review, auction fees and the lease length when assessing affordability and resale prospects.
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