Affordable long-lease one-bedroom flat — chain free, sold at auction with fees and local considerations.
One double bedroom top-floor apartment, approx. 345 sq ft
Chain-free sale with long lease (approx. 156 years)
Sold via modern auction; undisclosed reserve price applies
Non-refundable reservation fee 4.5% (min £6,600 inc. VAT) and buyer fees
Double glazing and door-entry system; low-maintenance communal building
Electric storage heating; check energy costs and appliance condition
Very high local crime rate and very deprived area may affect demand
Small overall size; suitable for single occupant or rental use
A compact top-floor one-bedroom apartment offering straightforward, low-maintenance city living. The open-plan lounge/kitchen and double bedroom suit a first-time buyer or investor seeking a small, easy-to-rent home. The flat is chain-free and sits on a long lease (approx. 156 years), reducing immediate tenure uncertainty.
Practical features include double glazing, a door-entry system and electric storage heating. At about 345 sq ft, the accommodation is small but useable; it will suit someone wanting a manageable, no-frills property, or an investor targeting steady rental demand in a city location.
Important transactional factors: this property is sold by modern auction, subject to an undisclosed reserve price. A non-refundable reservation fee of 4.5% (minimum £6,600 inc. VAT) and additional buyer costs apply—check the buyer information pack and allow time for the 56-day completion window. Full due diligence is advised.
On location, the wider area shows signs of deprivation and a very high local crime rate, which will affect desirability and rental yields. Nearby schools rated Good may support family-style lettings, and the apartment’s low council tax helps running costs. Overall, this is a budget-priced, long-lease flat with clear investment or starter-home potential, but local social and safety issues and auction fees are material considerations.
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