Affordable renovation project for first-time buyers or buy-to-let investors.
Freehold studio in Ruskington village centre, short walk to railway station
A compact freehold studio in the centre of Ruskington, offered at auction with no onward chain. The layout comprises an open-plan living/bedroom, separate galley kitchen and bathroom, plus a small courtyard and an allocated parking space. Its village-centre position and short walk to Ruskington station suit commuters or a lettings portfolio.
Practical strengths include low running space, double glazing, electric storage heating and a likely rental market (estimated at around £450 pcm). The property is a straightforward project for a first-time buyer wanting an affordable entry into homeownership, or an investor seeking a low‑maintenance buy-to-let in a very affluent, low-crime area.
Important sale details and condition notes: the property will be sold via the Modern Method of Auction — subject to an undisclosed reserve and buyer fees. Bidders must sign a reservation agreement and pay a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) plus a buyer information pack fee (up to £349). The flat needs some updating and renovation: solid brick walls likely uninsulated and electric heating will limit energy efficiency until upgraded.
View this as either an affordable starter home that will reward modest modernisation, or a rental purchase with immediate let-ready potential once refurbished. Complete due diligence and factor in the auction timescales and fees before bidding.
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