Auction opportunity in E12 with garden and refurbishment potential for cash or investor buyers.
Two bedrooms with private rear garden
Sold at auction — Secure Sale online bidding
Leasehold with ~80 years remaining
Ground rent £600; service charge c.£1,000
Tenanted on sale — income potential, check tenancy
Electric room heaters; heating upgrade likely required
Solid brick walls, assumed no insulation
Mortgage lenders may refuse due to short lease
A two-bedroom ground-floor apartment with a private garden in E12, offered via online auction. Built around 1900, the property retains Victorian character and presents clear potential for refurbishment or rental income. The current accommodation is compact and practical, suitable for an investor seeking an income-producing asset or a buyer prepared to renovate.
Important practical points are straightforward: this is a leasehold sale with about 80 years remaining on the lease, a ground rent of £600 and a service charge reported at approximately £1,000. Mortgage lenders may refuse to lend against the shortish lease, and the property is being sold with tenants in place, so purchasers should check financing and tenancy details carefully.
The flat has double glazing (unknown install date), electric room heaters and solid brick walls without assumed insulation — improvements to heating and insulation will be needed to improve comfort and running costs. The rear garden is unpaved and requires upkeep but offers a useful outdoor space for tenants or future purchasers.
This lot suits cash buyers or investors comfortable buying at auction who want a period property with refurbishment upside in a lively, well-connected neighbourhood. Expect straightforward cosmetic and energy-efficiency works to unlock value; the sale route and lease position make pre-purchase due diligence essential.