Summary - 20b Gilda Parade BS14 9HY
1 bed 1 bath Flat
Income-producing one-bedroom flat with parking — sold at livestream auction, tenant in situ..
One-bedroom top-floor flat, 418 sq ft
Currently tenanted at £1,050 pcm (£12,600 pa)
Guide price £100,000 — circa 12.6% yield
Leasehold with ~110 years remaining
Service charge £1,872 pa; ground rent £100 pa
Auction sale — immediate exchange; buyer fees apply
EPC D60; solid brick walls, likely no insulation
Area: very deprived with above-average crime
A compact one-bedroom top-floor flat offering a clear, income-producing opportunity for investors. The property is tenanted, producing £1,050 pcm (£12,600 pa) which equates to a circa 12.6% yield based on the guide price — attractive for yield-seeking buyers prepared to purchase at auction.
Practical positives include off-street parking, double glazing, mains gas central heating and fast broadband/mobile coverage. The 418 sq ft layout is traditional and straightforward, suitable for long-term letting or a light refurbishment to improve rent and energy performance.
Important drawbacks are factual and material: the sale is by unconditional livestream auction with immediate exchange on the fall of the hammer, additional buyer fees apply (£1,200 administration and £1,200 buyer’s premium payable on exchange), and there is a noticeable service charge (£1,872 pa) plus £100 pa ground rent. The EPC is D60 and the building is solid-brick with assumed no wall insulation, so energy upgrades may be required to improve efficiency and tenant appeal.
Location factors: the property sits in a very deprived area with above-average crime statistics, which will affect tenant demand and potential capital growth. There is no flood risk and local schools have Good Ofsted ratings; nearby amenities and public transport are readily available. Review the legal pack and tenancy details before bidding.
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