Summary - 3 THE QUAY SUTTON BRIDGE SPALDING PE12 9TU
1 bed 1 bath Flat
Affordable starter or investment with parking and tranquil outlook.
- One-bedroom ground-floor flat with river-facing lounge
A compact ground-floor one-bedroom apartment occupying part of a converted brick riverside building, offered with peaceful outlooks across the river. The flat measures about 474 sq ft and benefits from double glazing, communal off-street parking and low flood risk. With 110 years remaining on the lease it is chain-free and selling via auction with a starting bid of £54,000.
The accommodation is straightforward: an L-shaped hallway with storage, a bright lounge facing the river, a kitchen with basic fitted units, a small bedroom and a three-piece bathroom. Heating is by electric storage heaters and the building’s solid brick walls are assumed to lack cavity insulation, so running costs could be higher than modern standards. Council tax is very low, but the property is leasehold with a service charge of £308 and ground rent of £394 per year.
This property is best suited to a first-time buyer seeking an affordable riverside home or an investor after a low-entry buy-to-let. It requires little major work to be habitable but would benefit from energy upgrades and modernising the bathroom and kitchen to maximise rental or resale value. Note the location sits within a more deprived area with above-average local crime statistics; prospective buyers should carry out local checks and a full survey.
Sale is by the modern auction method (online bidding). Buyers should be prepared for auction conditions, undertake their own checks, and allow for the usual legal and survey costs prior to purchase.
1 bedroom apartment for sale in West Bank, Sutton Bridge, Spalding, Lincolnshire, PE12 9TU, PE12 — £54,000 • 1 bed • 1 bath • 474 ft²
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