Summary - Imperial Buildings, High Street, Rotherham, South Yorkshire, S60 1FF S60 1FF
2 bed 1 bath Flat
Two-bedroom town-centre investment with long lease and refurbishment potential.
Town-centre Victorian mid-terrace apartment, generous 958 sq ft
Two bedrooms plus large open-plan living area with high ceilings
Long lease (142 years) — secure tenure for investors
Sold with a sitting tenant; offered at auction
High annual service charge £3,840 and ground rent £265
Located in very deprived area with very high recorded crime
Electric room heaters only; no central heating, likely uninsulated walls
Asking price £35,000 — low entry price but budget for refurbishment
This two-bedroom town-centre flat is offered as an investment opportunity with a sitting tenant and a long lease (142 years). The 958 sq ft apartment sits in a Victorian-style mid-terrace with a large open-plan living area, high ceilings and double glazing installed after 2002 — features that appeal to renters seeking central, character properties.
Financially it’s a clear buy-for-yield proposition: low asking price (£35,000) and Council Tax Band A make it inexpensive to hold, but prospective buyers must factor in a high annual service charge (£3,840) and ground rent (£265). The property will be sold at auction, so buyers should budget for purchase fees and immediate post-sale costs.
Material drawbacks are significant and disclosed: the building is in a very deprived area with very high recorded crime, and heating is solely by electric room heaters which can be costly for tenants. Walls are assumed uninsulated (solid brick), so further investment in insulation or heating upgrades may be needed to improve energy performance and letability.
For investors comfortable with town-centre stock, this flat offers rental potential and redevelopment upside (refurbishment of heating and insulation). Viewings are recommended for those assessing tenant terms and the level of works required to lift rent or resale value.
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