Auction opportunity for an investor or renovator in need of modernisation.
Sixth-floor one-bedroom flat with balcony and garage included
A vacant one-bedroom sixth-floor flat in a 1960s purpose-built block, offered for sale at public auction. The apartment includes a reception room with balcony access, separate kitchen, store, bedroom and bathroom; heating is by electric room heaters and the property benefits from double glazing. The 607 sq ft layout offers straightforward living space on a single level and comes with a garage and communal grounds.
This is a clear renovation opportunity for an investor or buyer comfortable with refurbishment. The flat needs modernisation throughout and may require electrical and heating upgrades; buyers should allow for works and factor likely additional costs disclosed in the legal pack. The lease has roughly 117 years remaining and ground rent is nominal at £10 per annum.
Location strengths include fast broadband, excellent mobile signal and nearby schools (several with Outstanding/Good ratings). The flat sits within a densely populated conurbation and close to shops, buses and leisure amenities. Note the wider area classifications: very deprived local area and higher-than-average crime — these factors affect rental demand, resale expectations and suitable buyer profiles.
Selling at auction means unconditional exchange on the fall of the gavel and additional purchaser fees apply; examine the legal pack closely before bidding. This lot is best suited to experienced buy-to-let investors, refurbishment specialists or cash buyers prepared to carry out improvement works and to accept the neighbourhood characteristics.
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