Summary - Apartment 25 Delamere Place, Balfour Street WA7 4NE
2 bed 1 bath Flat
Low guide price with immediate rental return via online auction..
Tenants in situ — immediate rental income but no vacant possession guaranteed.
Guide price £40,000 plus fees; auction sale is unconditional and binding.
Combined administration and buyer’s premium fees £1,500 each on exchange.
Small 461 sq ft two-bedroom flat, limited space for extensions.
Long lease: 999 years from January 1st, 2005.
Built 2003–2006 with double glazing and mains gas central heating.
Potential damp issues noted; property will require modernization or repairs.
Slow broadband and area classed as deprived; consider rental demand impacts.
This first-floor two-bedroom apartment in Runcorn offers a straightforward entry for investors seeking an income-producing asset. Sold with tenants in situ and a long 999-year lease from 2005, it promises immediate rental return and minimal immediate paperwork for a buyer prepared to proceed at auction.
Built 2003–2006, the flat benefits from double glazing, mains gas central heating and a compact, efficient layout within 461 sq ft. Its location close to local transport links and amenities supports rental demand; council tax band B and an EPC rating of C keep running costs relatively modest.
Buyers should note this lot is offered via an online unconditional auction with an immediate deposit requirement and combined administration and buyer’s premium fees of £1,500 each payable on exchange. The property is small, shows signs that may need modernization, and the listing mentions potential damp issues and slow broadband — these are practical concerns for future refurbishment or tenant management.
This is best suited to investors comfortable buying at auction, accepting tenants in place, and budgeting for updating and any remedial works. Conduct a full review of the legal pack and arrange viewings or surveys before bidding; auction purchases are legally binding on successful bidders.
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