Summary - A21, Bishopgate Gardens, Bishopgate PR1 1AS
1 bed 1 bath Apartment
Investment-ready apartment with immediate rental income and modern communal facilities.
- One-bedroom, 496 sq ft modern apartment, built 2022
- Tenant in situ generating £800 pcm rental income
- Leasehold with 247 years remaining
- Annual service charge approx £2,737; ground rent £250
- A1 EWS1 rating confirmed for external wall safety
- Heating via electric room heaters (no gas central heating)
- Located in high-crime, very deprived area — affects risk
- Sold at auction via Secure Sale; terms and T&Cs apply
A higher-floor one-bedroom apartment in the contemporary Bishopgate Gardens development, offered with a tenant in situ and sold via Secure Sale auction. Built in 2022, the property benefits from modern finishes, integrated kitchen appliances and communal features including concierge, secure entry and a private rooftop terrace. Its 496 sq ft layout provides a generous open-plan living space, double bedroom and a well-spec’d bathroom. The lease has 247 years remaining.
Currently let for £800 pcm, the apartment presents clear rental income from day one, appealing to investors targeting the city-centre rental market and the nearby student population. The A1 EWS1 rating adds reassurance about cladding and external wall safety, and excellent mobile signal plus central transport links support lettability.
Buyers should note the material running costs: an annual service charge of about £2,737 and ground rent of £250 reduce net yield. Heating is via electric room heaters rather than gas central heating, and broadband speeds are average. The property sits in an area with very high recorded crime levels and high deprivation scores, factors that may influence long-term capital growth and management considerations.
This lot is offered leasehold and will be sold at auction online under Secure Sale terms. The apartment is well-presented and managed, making it suitable for purchasers who want immediate rental income or a low-maintenance city-base; prudent buyers will factor service charges, tenant terms and location risks into their offer.
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