Immediate rental income with tenant in place and auction sale terms.
Guide price £38,000 — auction sale, cash buyers only
Produces £8,424 pa gross rental income, tenant in situ
Long-term tenants intend to remain; sold with existing tenancy
Leasehold tenure — check remaining term and service charges
Approx. 592 sq ft; compact two-bedroom layout, one bathroom
No private garden; shared private/off-street parking available
Buyers premium applies on sale — factor into purchase costs
Sold as seen; suitable for investors or developers, not first homes
This two-bedroom leasehold flat in Redwing Crescent is offered as an auction lot and suits buyers seeking an income-producing asset. It currently generates an annual gross rental income of £8,424 against the guide price of £38,000, presenting a strong gross return for cash buyers.
The property is occupied by long-term tenants who wish to remain, so the sale is most appropriate for investors seeking immediate rental income rather than vacant-possession refurbishment. Practical details to note: sale by auction, cash-only purchase, and a buyers premium will apply.
Accommodation is compact (approximately 592 sq ft) with lounge, kitchen, two bedrooms and one bathroom. There is no private garden but shared private/off-street parking is available. Broadband speed is average and mobile signal is excellent; the surrounding area is a mixed urban neighbourhood with average crime and deprivation indicators.
Material cautions are straightforward: leasehold tenure, small overall footprint, auction sale mechanics, cash-only requirement, and an existing tenancy unlikely to vacate. For detailed income and tenancy figures see the Let Property Pack before bidding.
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