Large home with private garden and garage, great renovation or buy-to-let potential..
Long lease: 132 years remaining
Set for sale at auction with bidding from 8–10 December 2025, this purpose-built ground-floor property offers clear upside for an investor or renovator. The flat sits on a long lease (132 years remaining) and includes a private lawned garden and a garage — useful features in lower Penarth close to the promenade and town centre. The building benefits from double glazing and gas central heating (boiler not tested) and has an EPC rating of C.
Internally the accommodation requires complete modernisation, giving a buyer scope to reconfigure, update fixtures and improve value. A partnering valuation suggests a fully refurbished resale around £350,000. The property’s proximity to Stanwell School catchment, local amenities and good road links (A4232, A48, M4) supports rental demand or owner-occupier appeal after renovation.
Be frank about costs: the flat needs a full internal overhaul and the council tax is band E (above average). The sale carries an administration fee of 1.2% including VAT (minimum £1,200) payable on exchange; purchasers should consult the legal pack for disbursements. This is a clear project for someone prepared to invest time and capital to unlock substantial upside.
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