Vacant leasehold lot with long lease and garage, ideal for cash investors.
- Vacant one-bedroom flat with open-plan kitchen/lounge
- Long lease: 244 years remaining
- Sold at online auction; 5% deposit and buyer's premium apply
- Garage included for private parking
- Below-average service charge (£962) but ground rent payable (£330)
- Located in very high crime, very deprived area — affects demand
- Excellent mobile signal and fast broadband
- Sold with vacant possession; check legal pack for special conditions
Located on Victoria Street, this vacant leasehold flat offers a straightforward investment or starter-home opportunity with a long lease and vacant possession. The open-plan living area and contemporary kitchen create a bright, low-maintenance space; the double bedroom is well proportioned and the property includes a garage for secure parking.
The lot will be sold at online auction so buyers should budget for the 5% deposit on the fall of the hammer plus the buyer’s premium and VAT, and allow 28 days for completion. A legal pack and special conditions are available and must be reviewed before bidding — additional completion costs may apply.
Practical benefits include excellent mobile signal and fast broadband, a below-average service charge and a 244-year lease remaining. Material drawbacks: the building sits in a very high crime area within a very deprived neighbourhood, which may affect rental demand, resale value and insurance costs. Ground rent and service charge continue to apply.
This property will suit cash-ready investors seeking a low-entry-price rental unit or buyers prepared to complete quickly via auction. View the legal pack and arrange a viewing through the auction platform so you can assess title, tenancy options and any required maintenance before committing.
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