Auction lot with rental upside in a character building near transport links.
Grade II listed Victorian building with high ceilings and character features
A one-bedroom apartment in a Grade II listed Victorian building, offered to investors at auction. The flat is marketed as a one-bedroom with open-plan living/kitchen, en-suite shower room and is currently tenanted, producing reported income of £4,560 pa. The building provides communal amenities including a residents’ gym and sauna, plus a communal garden and one allocated gated parking space.
This lot is being sold via online auction; prospective buyers should note there will be no internal viewings and the vendor has not allowed inspection. The property has listed status which may cause legal or planning restrictions and could complicate alterations or mortgage lending. Tenure is not confirmed in the sales details — check the legal pack carefully before bidding.
Income upside exists: current rent is below stated market level and the guide suggests potential rent of £600 pcm (£7,200 pa). Buyers should allow for auction fees (Administration Fee £3,600 inc VAT) and any disbursements set out in the legal pack. The location offers good transport links, but the immediate area is very deprived with above-average crime statistics — factor re-letting risk and management costs into your offer.
This is a clear opportunity for an investor comfortable buying at auction, accepting limited access, listed-building constraints and some local area challenges, while potentially improving yield by re-letting at market rent once permitted by tenancy and listing conditions.
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