Vacant one-bedroom first-floor flat with separate garage
427 sq ft — compact accommodation, needs full refurbishment
Lease approx. 47 years remaining — likely prevents standard mortgage lending
For sale by public auction — cash or specialist buyers likely required
Very high local crime rate — impacts rental/resale prospects
Very slow broadband in area; mobile signal is excellent
Ground rent £20 pa; check legal pack for full lease details
Auction buyer administration fee and unconditional exchange on gavel fall
A one-bedroom first-floor flat offered vacant at public auction, suited to a cash buyer or experienced investor prepared to refurbish. The property includes a separate garage and communal grounds, and its compact 427 sq ft layout comprises reception room, kitchen, bedroom and bathroom. The building is mid-20th-century brick with a communal entrance and external stairway.
This lot carries clear constraints: the lease has about 47 years remaining, which will likely prevent mortgage lending and restrict its market to cash or specialist investors. The flat requires full refurbishment, and local factors — including very high crime rates and very slow broadband — should be factored into any refurbishment and rental or resale strategy.
Priced to reflect condition and tenure, the property may suit a hands-on buyer able to invest in upgrades and manage short-lease issues (extension or enfranchisement costs will apply). Note the sale is at auction with an administration fee and unconditional exchange on the fall of the hammer; check the legal pack for full costs and any additional conditions.