Well-presented auction flat with allocated parking and low upkeep.
Two double bedrooms and open plan living/kitchen
A well-presented two-bedroom first-floor apartment in Poets Corner, offered for sale by auction. The flat occupies roughly 646 sq ft and combines modern fixtures, double glazing and mains gas central heating with a practical open-plan living area and allocated off-street parking. Its position in a mid-terrace block means low exterior upkeep and quick access to local shops, buses and several good-rated schools.
Important practical points affect purchase: the property is leasehold with 76 years remaining. Some mortgage lenders may refuse or demand a large deposit at this lease length, and buyers should check lending options before bidding. The sale is by the Modern Method of Auction — a non-refundable reservation fee (4.5% of purchase price, minimum £6,000) plus an identification and buyer information pack fee (typically £300) will be payable; completion is expected within 56 days of the draft contract being available.
This apartment suits a cash buyer, a well-prepared first-time buyer aware of lease constraints, or an investor experienced with auction purchases. The area has fast broadband and excellent mobile signal, but local crime levels are above average and the neighbourhood shows signs of deprivation — factor these into resale or rental projections. Carry out full due diligence, including lease review and lender pre-qualification, before committing to a bid.
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