Auction sale with immediate rental income; legal pack required before bidding.
- Guide price £165,000+; sale by public auction
This leasehold flat in a mid‑20th‑century purpose‑built block is offered for sale at public auction with a guide price of £165,000+. It sits within a busy, inner‑city Tottenham location close to Seven Sisters transport links and local retail amenities, making it suitable for buy‑to‑let buyers seeking immediate rental income. The sale is subject to an assured shorthold tenancy (reported rent £310 per week, holding over) — check the legal pack for current tenancy status and income verification.
The building dates from the 1967–1975 period and the flat benefits from double glazing, mains gas central heating and an EPC rating of C. The accommodation has a large overall footprint (circa 711 sq ft listed) but needs modernisation in parts; communal areas reflect typical mid‑century communal blocks. Important practical details: the property is leasehold with approximately 87 years remaining and will be sold at auction — buyers must review the legal pack and raise funds and enquiries in advance.
Notable risks for buyers include a very high local crime level and a very deprived local area classification, which may affect long‑term capital growth and tenant demand. There is a public notice/repossession flag on the sale; prospective purchasers should confirm all title and tenancy particulars in the legal documentation before bidding. This is best suited to experienced investors comfortable buying at auction and managing refurbishment and tenancy matters.