Ready‑let income in a central location, suited to cash or experienced investors.
Spacious first-floor 2-bedroom apartment (approx. 905 sq ft) with rental income of £1,150 pcm
Located in Royston town centre, short walk to railway station and local amenities
Leasehold with 64 years remaining — many lenders may refuse mortgage offers
Sale by Modern Auction: reservation fee (4.5% min £6,600) and buyer’s fees apply
Annual service charge approx. £1,000; council tax reported as low
Electric storage heating; double glazing present (installation date unknown)
Garden/courtyard space available; mid‑20th century building may need updating
Local area: fast broadband and excellent mobile signal, but high recorded crime
A spacious two-bedroom first-floor apartment in Royston town centre currently let for £1,150 pcm, presenting immediate rental income for an investor. The large internal area (approximately 905 sq ft) and central location—close to the railway station and local amenities—are strong income and re-letting drivers.
Important practical and financial facts affect purchase suitability. The lease has 64 years remaining; this is short enough that many mortgage lenders may refuse standard mortgage finance. The sale is by Modern Method of Auction: a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and additional buyer fees apply. Buyers must complete due diligence using the provided information pack.
Running costs and condition notes: heating is by electric storage heaters and the property has double glazing (installation date unknown). There is an annual service charge reported at around £1,000 and council tax is described as low. The building dates from the late 1960s–1970s and the exterior images suggest mid-century construction and some maintenance/modernisation potential.
This is best suited to cash buyers or experienced investors who can accept auction conditions and leasehold limitations. The central location, ongoing tenancy and clear rental income make it a practical addition to a portfolio, provided prospective purchasers factor in lender restrictions, buyer fees and any refurbishment or ongoing service costs.
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