Summary - Flat 2, 432 New Hall Lane PR1 4TA
2 bed 2 bath Apartment
Small period terrace ideal for a refurbishment investor seeking quick completion.
Chain-free freehold mid-terrace with small front garden
Offered at auction as a freehold, this small period mid-terrace on New Hall Lane presents a clear investor opportunity. The property is chain-free and described as already split into two flats, with two bedrooms and two bathrooms across approximately 485 sq ft — making it well suited to a buy-to-let or refurbishment resale scheme. Completion is required within a 56-day Reservation Period under the Modern Method of Auction.
The house requires significant modernisation throughout: finishes are dated or stripped out, flooring is mixed, and the accommodation is generally small to average in proportion. There is a small forecourt garden to the front and a compact yard/utility area to the rear. Main services include mains gas heating (boiler and radiators) and cavity walls; there is no flood risk recorded.
Important sale conditions: a Buyer Information Pack is available at £349 (inc. VAT) and the purchaser must sign a Reservation Agreement and pay a non-refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600 incl. VAT) in addition to the hammer price. These auction costs are material to purchase calculations and to mortgage considerations — buyers should consult lenders before bidding.
Location notes: the immediate area is classified as very deprived with above-average crime levels, but benefits from fast broadband, excellent mobile signal and multiple nearby amenities and schools. For an investor willing to refurbish, the property could deliver rental income or capital uplift after renovation, but budget and planning should allow for substantial works and local market challenges.
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