Summary - 11, Ilchester Street, SEAHAM SR7 7LW
2 bed 1 bath Ground Flat
Compact rental-ready flat with immediate auction potential.
- Ground-floor self-contained flat with private entrance
- One double bedroom with built-in storage
- Fitted kitchen, three-piece bathroom, door to shared rear yard
- Double glazing and mains gas boiler with radiators
- Leasehold tenure; sold via auction, chain-free
- Buyer pays Reservation Fee 4.5% (min £6,600) and £349 Buyer Pack
- Area classified very deprived; local rental demand likely
- Small rooms and low ceilings; suited to rental use
A compact ground-floor flat arranged within a red-brick Victorian terrace, offered as a straightforward investment opportunity. The property has a private entrance, one double bedroom with built-in storage, a fitted kitchen and a three-piece bathroom. Double glazing and mains gas central heating are in place; rooms are small with lower-than-average ceilings.
Sold by Modern Method of Auction and offered chain-free, this leasehold flat is aimed at buyers seeking rental income rather than a long-term family home. The kitchen opens to a shared rear yard; on-street parking and local amenities are within walking distance. The area is classified as very deprived, and the wider neighbourhood comprises families in terraces and flats.
Important sale costs and conditions apply: a non-refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600) is payable by the buyer, plus a Buyer Information Pack fee of £349 (including VAT). Additional optional services are available for up to £450. Prospective buyers should confirm mortgage suitability before bidding and review the full Buyer Information Pack.
For investors, the auction listing estimates a potential yield around 11% subject to final purchase price and outgoings. The property is best suited to a hands-on investor prepared for basic maintenance and modest room sizes rather than those seeking spacious accommodation.
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