Ideal buy-to-let with tenant and steady rental income.
Tenant in situ with reported rent £1,300 pcm
A practical buy-to-let opportunity with a tenant in situ and a steady reported rental income of £1,300 pcm. This one-bedroom apartment sits close to Beckenham Junction, New Beckenham and Beckenham Hill stations, offering strong commuter appeal for renters seeking fast links into central London.
The flat benefits from an open-plan kitchen/dining area, dual-aspect lounge, useful internal storage and a secure external storage unit. Residents use an unallocated car park and the property has double glazing. The long lease (approximately 83 years) and a below-average service charge (£616 pa) support ongoing rental returns.
Important considerations for buyers: the building dates from the late 1960s/1970s and presents a dated exterior and communal areas; some cosmetic and modernisation work may be needed to maximise value. Heating is via electric storage heaters, which can be costly compared with gas alternatives. The property is sold leasehold at auction, with associated auction fees, a non-refundable deposit and reservation charge — bidders should review the legal pack and factor additional purchase costs.
This lot suits investors seeking immediate rental income and commuting convenience. Viewings are recommended but note that the tenant occupies the flat, and the area records above-average crime and local deprivation indicators; consider these when assessing rental resilience and insurance requirements.