Discounted, income-producing flat ideal for yield-focused buyers..
Tenanted producing £700pcm rental income
Freehold flat offered for sale at auction
Guide price £60,000; Home Report £70,000
Nearby sale evidence: local flat sold for £105,000 (2021)
Located in very deprived area — affects tenant profile
Small-to-medium rooms; likely cosmetic refurbishment needed
Excellent mobile signal and fast broadband available
Sold with tenant in situ — vacant possession not guaranteed
This two-bedroom flat in Marquis Road is offered for sale at auction with a current assured rental income of £700 per month, providing immediate cashflow for a buyer. The property is freehold, tenanted and sits in a mid-20th century apartment block close to shops, public transport and local amenities — an accessible urban position for tenants and commuters.
Priced at £60,000 with a Home Report value of £70,000, the lot aims to attract investors seeking a discounted entry into a high-demand rental location. Comparable local sales are noted (nearby flat sold for £105,000 in 2021), indicating upside potential if the market or property condition supports revaluation. Broadband speeds and mobile signal are reported as good, which supports modern tenant expectations.
Buyers should note material points: the property is sold at auction and is currently occupied, so purchase will be subject to tenancy. The wider area is classified as very deprived, which can affect tenant profile and long-term capital growth. Accommodation is described as small-to-medium rooms in a traditional layout and may require cosmetic updating to reach higher rental or resale values.
This lot will suit an investor looking for immediate rental return and scope to add value through improvement or active management. Understand the auction process, tenancy terms and any refurb requirements before bidding to ensure the purchase meets your yield and risk criteria.
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