Strong rental yield after modest improvements.
Auction sale — cash buyers only; Secure Sale starting bid £60,000
This first-floor, one-bedroom leasehold apartment on Coronation Road is offered as an auction lot and suits cash buyers and investors seeking rental income. At 485 sq ft the layout includes a spacious lounge, large double bedroom and an open-plan kitchen/dining room that looks out onto an enclosed lawned garden. A garage and double glazing are in place; gas boiler and radiators provide mains-gas heating. EPC C and no flood risk. The auction starts with a guide/starting bid of £60,000 and the property will be sold via Secure Sale with immediate exchange available.
The flat requires modernisation and some external maintenance may be needed (roof/garden attention noted). Rental income is estimated at £500–£650 pcm after improvements, giving clear upside for a buy-to-let purchaser prepared to invest. The lease has approximately 90 years remaining; tenure is leasehold. Viewings are by appointment only and the sale is cash buyers only through the auction process.
Interested bidders should factor in auction costs and conditions: a non-refundable 5% deposit on exchange, plus a reservation fee of up to 6% inc. VAT (minimum £7,200 inc. VAT). Local area indicators show high deprivation and a “hampered neighbourhoods” classification, but crime is very low and local broadband and mobile signals are strong. Nearby primary schools are rated Good, and local amenities and transport links are available. Seek legal advice and review the legal pack prior to bidding.
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