Summary - Flat 1, 1a Fulford Road YO11 2SQ
2 bed 1 bath Flat
Low-price investment with strong rental potential in a student-focused area.
Two bedrooms in 696 sq ft basement layout
A two-bedroom basement flat in a Victorian semi, offered at a low guide price that will appeal to investors and hands-on buyers. The 696 sq ft layout includes a bay-front living room, practical kitchen and bathroom, double glazing and gas central heating, giving immediate rental potential in a student-and-professional neighbourhood. Broadband and mobile signals are strong and there is no flood risk.
The property will require cosmetic modernisation and some fabric upgrades: the building has solid brick walls with assumed no cavity insulation and the accommodation is in need of updating to reach mid-market rents or longer-term owner-occupier comfort. As a basement flat, natural light is limited compared with upper floors.
Be aware this sale is by auction under the Modern Method of Auction. Buyers must review the Buyer Information Pack, pay a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and complete within the prescribed reservation period. These fees and timescales are material to affordability and completion planning.
This unit’s strengths are its price, freehold tenure, period character and proximity to amenities and colleges. Its drawbacks are the neighbourhood’s high crime and very deprived area classification, the likely need for insulation/energy upgrades, and the auction-related fees and timeline. Suitable purchasers are investors seeking a value purchase, or first-time buyers prepared to renovate and accept the auction process.
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