Low-price auction lot with clear renovation and rental potential.
Town-centre location with rear private entrance and staircase
A central split-level flat offered as an auction lot, this two-bedroom property sits above ground level with a separate rear entrance and private staircase. The layout includes a fitted kitchen/diner, living room, bathroom and two upstairs bedrooms — suited to a rental or renovation project.
Major positives are the town-centre position, share of freehold tenure and electric heating with double glazing already fitted. Guide price reflects current condition and the fast completion timetable, which can suit cash buyers or investors seeking a value-add refurbishment with short-term letting potential.
Important drawbacks are material: the lease has only 75 years remaining, which will likely prevent most mortgage lenders from lending; auction sale and buyer’s premium apply, and buyers must be prepared for unconditional completion terms. The building and interiors show maintenance needs — reported damp/mould risk, ceiling and plaster damage, and dated appliances — so remedial works and possible reconfiguration are likely.
This lot is aimed at cash buyers or experienced investors who can manage lease-extension conversations and factor renovation costs into the purchase. For anyone considering mortgage financing, obtain lender confirmation on acceptability of the remaining lease before bidding.
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