Summary - 109, Carley Road SR5 2RP
1 bed 1 bath Flat
Turnkey rental income with scope for uplift after light updating.
Tenanted 1-bedroom flat, currently earning £500 pcm
A compact, tenanted 1-bedroom leasehold flat in SR5 offered at auction with immediate rental income. The property is currently let at £500 pcm and benefits from recent cosmetic works including fresh paint, new grey carpets and a newly installed eco boiler — allowing a buyer to step into an income stream with minimal redecorating required.
The flat sits in a traditional mid-terrace building close to supermarkets, parks and major public transport links, around a mile from the Metro. Fast broadband and excellent mobile signal support lettability, while professional management and a full tenant history are available for buyer assurance.
This lot is sold via online auction; successful bidders will need to allow for the auction deposit and reservation fee detailed in the legal pack. The area is classified as very deprived with above-average crime rates, and the street and external parts show wear that would benefit from kerb-appeal work. Buyers should review the legal pack, tenancy details and EPC before bidding.
Suited to investors seeking high gross yields and a low-entry investment, this flat offers straightforward management and potential for rental uplift after modest improvements. Leasehold is long (999 years) and council tax costs are very low, reducing running costs for a landlord.
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