Summary - Apartment 28, 94-96 L1 4DQ
1 bed 1 bath Apartment
Low-entry auction lot — refurbish and rent in a busy student area..
- 1 bedroom, 410 sq ft compact open-plan apartment
- Vacant at sale; sold via online auction (14–15 Oct 2025)
- Needs refurbishment; ideal for buy-to-let after upgrade
- Long lease (approx. 104 years remaining)
- Electric room heaters only; no central gas heating
- Ground rent/service charge: see legal pack for details
- Auction fees: 2.5% admin (min £2,500) + £1,300 buyer premium
- Local area: student-led, very high recorded crime levels
A compact one-bedroom leasehold apartment in a contemporary mid-terrace block, offered vacant and sold at auction. The 410 sq ft open-plan flat includes a balcony, bedroom and bathroom, and is marketed as a refurbishment project suitable for buy-to-let once upgraded. The building date and double glazing are recent, but the flat currently relies on electric room heaters and will benefit from a modern heating and kitchen/bathroom refit.
This lot is in a busy, cosmopolitan student neighbourhood with many local amenities and strong rental demand; LIPA and other colleges nearby support consistent tenant interest. The property is sold at auction on set terms — buyers must pay deposits and fees on exchange and should review the legal pack for ground rent, service charge and disbursements before bidding.
Key selling points are the low guide price and long lease (circa 104 years remaining), which provide upside for investors prepared to refurbish. Material considerations: the flat needs renovation, the local crime level is recorded as very high, heating is electric only, and auction purchase carries an administration fee and buyer’s premium. Prospective purchasers should budget for refurbishment costs and read the legal pack carefully before bidding.
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