Vacant city-centre flat for auction — refurbishment opportunity in student area..
Vacant flat in city-centre Georgian building, sold at public auction
Long lease reported — 110 years remaining; low ground rent £50pa
Requires refurbishment; electric room heaters and EPC rating E
Area: cosmopolitan student neighbourhood with strong rental demand
Very high local crime rate — affects lettings and insurance costs
Service charge £1,035.32 pa; council tax described as very cheap
Very slow broadband despite excellent mobile signal — upgrade likely
Listing contains conflicting bedroom information (1 vs 2) — verify internally
This city-centre flat is offered vacant and will be sold at public auction, presenting a straightforward purchase route for investors or experienced refurbishers. Set within a Georgian commercial building on Bold Street, the property occupies a compact 514 sq ft and benefits from a long lease (110 years remaining) and low ground rent, which support medium-term ownership security.
The flat requires refurbishment and currently relies on electric room heaters; the EPC is E and glazing predates 2002. The property’s location in a cosmopolitan, student-heavy neighbourhood means strong local rental demand and immediate access to shops, nightlife and transport, but the area records very high crime levels — a material consideration for lettings and future buyers.
Practicalities are clear: the unit is vacant, will be auctioned (virtual livestream), and carries an annual service charge of £1,035.32. Broadband speeds are reported very slow despite excellent mobile signal; budget for improving connectivity and heating if targeting professional tenants or longer-term increases in value.
Note: supplied information is inconsistent about internal layout — initial data lists two bedrooms, while the descriptive text refers to a one-bedroom third-floor flat. Interested parties should verify the floor plan and internal configuration before bidding.
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