Summary - Flat 1, 12 West Street BS23 1JT
2 bed 2 bath Flat
Investment-ready two-bed flat with parking and long lease in town centre.
Tenant in situ paying £750pcm; sold with or without tenant
Approx 25ft open-plan living area with modern fitted kitchen
Off-street parking space to the rear
Leasehold ~990 years remaining; ground rent £25 pa
Service charge £612 pa (includes building insurance)
Sold at online auction — 5% non-refundable deposit and reservation fee
Location: central but very deprived area with high crime levels
Small overall size (approx 517 sq ft); compact rooms
This ground-floor two-bedroom flat sits in the town centre and presents a straightforward buy-to-let opportunity. The long open-plan living/kitchen (approx 25ft) and modern fitted kitchen are practical and low-maintenance, and there is a useful off-street parking space to the rear. The property benefits from gas central heating, uPVC double glazing and a very long lease (approx 990 years).
The flat is currently tenanted at £750pcm and can be sold with or without the tenant in place, offering immediate income for a landlord or vacant possession for an owner-occupier. Annual running costs are modest: a ground rent of £25 and a below-average service charge of £612 which covers building insurance and communal upkeep.
Buyers should note material considerations for valuation and management. The property is leasehold and will be sold through an online auction process with a 5% non-refundable deposit on exchange and a reservation fee charged on completion (see legal pack for full terms). The building sits in a very deprived area with high local crime levels — factors that affect lettings, resale prospects and mortgage availability for some buyers.
This lot suits investors seeking an immediate rental return in a central location, or a buyer prepared to manage location-related risks and follow auction purchasing procedures. A purchaser is advised to review the legal pack, confirm the tenancy details, and carry out any necessary checks on local market demand and property services before bidding.
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