Compact waterside apartment with balcony, parking and auction sale — ideal for investors..
Water and bay views from a large balcony
One double bedroom, open-plan lounge/kitchen
Allocated undercroft parking plus storage box
Approx 450 sq ft — compact city apartment
Leasehold with ~£2,500 yearly service charge
Ground rent £110 per year
Sold at auction — 4.5% reservation fee applies
Electric skirting-board heating; minor modernisation needed
Set on the second floor of a modern waterside development, this one-bedroom apartment offers direct dock and bay views from a generous balcony. The open-plan lounge/kitchen layout and allocated undercroft parking make it practical for short-term lets or a city-base for professionals.
The property is sold at auction, chain-free. Buyers should budget for the auction-specific costs: a non-refundable reservation fee (4.5% of price, minimum £6,600) plus a buyer pack fee. The flat is leasehold with an annual service charge of about £2,500 and a ground rent of £110.
Internally the home is tidy but basic: double glazing, skirting-board electric heating and neutral finishes. At approximately 450 sq ft the rooms are compact and would benefit from minor updating if longer-term comfort or higher rental yields are required. There is no garden.
Location is a clear draw — in the heart of Mermaid Quay with immediate access to bars, restaurants and waterfront amenities. Note the wider area indicators: very high crime and high deprivation locally, so buyers should weigh rental demand and market positioning carefully.