Auction opportunity for hands-on investors seeking value and uplift potential.
- Large interior for a one-bedroom flat, approx. 646 sq ft
- Modern kitchen, bright lounge with bay window and good natural light
- Ground-floor unit; chain free and sold at public auction
- Leasehold with ~80 years remaining — lenders may refuse mortgages
- Buyer’s admin fee £1,800 (inc VAT) payable on completion
- Service charge £250 (below average) and mains gas heating
- Area has fast broadband but higher-than-average local crime
- Built 1930–49; some cosmetic refurbishment likely to add value
A compact one-bedroom ground-floor flat offering unusually large internal space (approx. 646 sq ft) for the price bracket. The property has a modern kitchen, bright lounge with a bay window and a spacious bedroom — features that help it compete in the local rental market.
This lot will be sold at public auction and is offered chain free with a guide price of £41,000. The flat is leasehold with approximately 80 years remaining; mortgage lenders may refuse to lend on short leases, so buyers should check mortgageability before bidding. A buyer’s administration fee of £1,800 (inc VAT) is payable on completion in addition to the purchase price.
Maintenance and running costs are modest: mains gas heating via boiler and radiators, double glazing, and a below-average service charge of £250. The building dates from the 1930s–40s and appears to have filled cavity walls; some cosmetic updating or refurbishment could further increase rental or resale value.
Location offers practical advantages — fast broadband, average mobile signal, and nearby schools and local amenities — but note the area records higher crime levels than average. This property is best suited to investors prepared to buy at auction, factor in lease-length constraints and the buyers’ fee, and carry out targeted improvements to maximise yield or long-term value.
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