Income-producing auction lot suited to hands-on investors seeking value uplift.
Seventh-floor two-bedroom flat with private balcony
Let as AST producing £21,000 per annum (tenant in situ)
Guide price £220,000+; sale by public auction (probate sale)
Approximately 103 years remaining on the lease
EPC rating C; mains gas boiler and radiators
Kitchen and internal finishes require modernisation
Cavity walls with no added insulation (potential energy upgrades)
Fast broadband, excellent mobile signal, very low flood risk
A seventh-floor two-bedroom flat offered at public auction, currently let on an Assured Shorthold Tenancy producing £21,000 per year. The property sits in a mid‑century purpose-built block with a private balcony, double glazing and an EPC rating of C; mains gas central heating serves the apartment. The long lease (approximately 103 years remaining) and immediate rental income make this a clear interest for investors seeking near-term returns.
The flat is in largely original condition and the kitchen and general décor will need modernisation to increase capital value or broaden tenant appeal. The building dates from 1967–1975 and external walls are cavity construction with no assumed added insulation, so buyers should expect some ongoing maintenance and potential improvement costs. Sold by order of executors at auction (probate sale): bidders must consult the legal pack before purchase.
Location strengths include fast broadband, excellent mobile signal, very low flood and crime risk, and good public transport links (Bromley‑by‑Bow Underground, Limehouse rail). Several highly rated primary and secondary schools are nearby and local amenities are plentiful. The property is best suited to investors comfortable buying at auction and managing a tenanted flat that requires cosmetic and kitchen upgrades.