Auction-priced flat offering refurbishment potential near Wolverhampton centre.
Allocated off-street parking space included
This one-bedroom ground-floor flat in a purpose-built block is being sold at auction with a guide price of £38,000–£44,000 — a clear opportunity for an investor or hands-on buyer prepared to refurbish. The flat includes an allocated off-street parking space, lift access, and is close to New Cross Hospital and Wolverhampton city centre (about 2.5 miles). The lease will be reissued as a new 99-year lease on completion.
The building is a mid-20th-century system-built block with external insulation and communal facilities. The property has double glazing (installed pre-2002) and an EPC rating of D. The auction particulars reference electric storage heating, while other data notes mains-gas boiler and radiators; buyers should confirm the actual heating system and running costs in the legal pack.
Important negatives are factual: the area is classified as very deprived with very high crime levels, and the sale is by auction so completion times and deposit terms will apply. Service charge and ground rent figures are not provided here — check the legal pack for costs. The flat will likely need modernization in the kitchen and general updating to maximise rental or resale value.
For an investor or buyer aiming for a low-entry purchase, this flat offers a low guide price and immediate access to local amenities and transport. For an owner-occupier, weigh the neighbourhood statistics and communal-living aspects carefully before bidding.
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