Low-price auction lot with strong rental potential and allocated parking.
- Two-bedroom first-floor apartment with open-plan lounge/kitchen
- Balcony with canal-side views and good natural light
- Allocated off-street parking space
- Long lease remaining (approx. 129 years)
- Sold at auction: cash buyers only, reservation fee applies
- Service charge £800 pa (below average); council tax very cheap
- Located in a very deprived area with above-average crime
- Some internal areas appear dated and need cosmetic works
A compact two-bedroom first-floor apartment offering open-plan living and a balcony with canal-side views. The lounge/kitchen is unusually large for the size (approx. 20'11" x 16'7"), and the layout is straightforward for rental layouts or simple redecoration. The property includes an allocated off-street parking space and a long lease (approximately 129 years), which supports onward sale or letting.
This lot is offered by the Modern Method of Auction: cash buyers only, with a non-refundable reservation fee (4.5% of purchase price, minimum £6,600) and a Buyer Information Pack payable separately. Service charge is listed at £800 (below average for similar blocks) and council tax is very cheap, helping running costs. The apartment is close to A500/M6 links, which aids commuting and tenant demand.
Material negatives are factual and important: the building sits in a very deprived area with above-average crime, and some internal areas appear dated or in need of cosmetic attention (flooring and general tidiness visible in images). Buyers should note auction timings, the reservation fee, and that this is a leasehold sale; inspect with lenders if considering mortgage finance. For cash buyers or investors seeking low entry price and straightforward redecoration, this presents clear potential; for buyers looking for a low-crime, high-amenity neighbourhood it will be less suitable.
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