Low-price auction lot with tenant in situ, parking and garage.
Two-bedroom second-floor apartment, approx. 539 sq ft
A compact two-bedroom second-floor apartment offered at auction with a tenant in situ — ideal for buy-to-let investors seeking immediate rental income and low entry price. The block dates from the late 1990s and the flat benefits from double glazing, gas central heating and an EPC grade C. Off-street parking plus a garage add practical value for tenants.
The lease has 161 years remaining and the annual service charge is £862.50, with council tax band A described as very cheap — running costs are straightforward. The kitchen is dated and the flat is small (approximately 539 sq ft), so rental yield and capital growth will depend on tenant demand and possible light refurbishment.
Important negatives: the property sits in a very deprived area with a very high crime rating, which will affect tenant profiles, rents and re-letting times. This sale is by modern method of auction: bidders must review the Buyer Information Pack (fee applies) and expect to pay a non‑refundable reservation fee (4.5% of purchase price, minimum £6,600) on exchange and complete within the stated reservation period.
Buyers should budget for the auction fees and check for any coal mining, insurance or lender requirements specific to South Yorkshire. The property is best suited to an investor comfortable with a tenant in situ and with experience buying at auction in higher-risk neighbourhoods.
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