Compact two‑bed investment near Glossop rail station with long lease.
Victorian mill conversion with large windows and high ceilings
Compact 475 sq ft two-bedroom layout, small overall size
Long lease: approximately 229 years remaining
Sold at auction; lot 279, auction date 19/11/2025
Currently subject to an Assured Shorthold Tenancy (holding over)
High flood risk in postcode — obtain specialist advice
Very high local crime rate and area classified as deprived
Glossop rail station about 0.6 miles; local shops and amenities close
Set within a converted Victorian mill, this two-bedroom leasehold flat offers compact city living with period character and industrial detailing. The apartment measures approximately 475 sq ft (44.1 sq m) and retains large windows and high ceilings typical of the building, lending an airy, loft-style feel despite the small overall footprint.
The property is being sold at auction and is currently subject to an Assured Shorthold Tenancy (holding over), making it suitable for investors seeking immediate rental income. Glossop rail station is about 0.6 miles away and local shops and amenities are within easy reach, supporting tenant demand for commuter links and everyday convenience.
Important drawbacks are factual and material: the location records very high crime and the wider area is classified as deprived with constrained rental aspirations. Flooding risk is high for this postcode — buyers should commission specific flood risk and insurance advice. The flat will require usual cosmetic updating and checking of services in a converted industrial building; structural and service surveys are recommended prior to purchase.
This lot suits a buyer comfortable with auction purchases and managing investment risk in a challenging market. The long lease (c.229 years remaining) reduces long-term leasehold issues, while the building’s character and proximity to transport make it a candidate for straightforward redecoration and re-letting, subject to flood and safety considerations.
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