Small period flat near Dewsbury station with clear rental potential after refurbishment.
- Vacant one-bedroom flat, approx 407 sq ft
- Period building with high ceilings and arched windows
- Requires full renovation throughout
- Estimated rent after refurbishment £650 pcm (£7,800 pa)
- 78 years remaining on lease — lenders likely to refuse
- Service charge c. £1,990 pa; ground rent £200 pa
- Administration fee £3,600 (inc. VAT) on exchange
- Area has very high crime and very slow broadband
A vacant one-bedroom apartment in a Victorian building, offered for sale by online auction. The 407 sq ft flat includes an entrance hall, open-plan kitchen-living area, bedroom and shower room, plus a rear yard and communal car park (first come, first served). High ceilings and arched windows are visible on the exterior, giving period character and scope to improve internal space.
This unit requires renovation throughout; achievable post-refurbishment rent is estimated at £650 pcm (£7,800 pa). Important financial notes: approximately 78 years remain on the lease, service charge c. £1,990 pa, ground rent £200 pa and an administration fee of £3,600 (inc. VAT) payable on exchange. Mortgage lenders may refuse lending because of the short lease—buyers should check finance options and the legal pack before bidding.
The flat is centrally located near Dewsbury town centre and the railway station, with excellent mobile signal and a wide range of local amenities nearby. However, the area is very deprived with very high crime rates and very slow broadband speeds, which will affect lettability and resale appeal. The property will suit a cash buyer or experienced investor prepared to renovate and manage lease or service-charge implications.
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