Summary - First Floor Flat, 622 Wolseley Road PL5 1TE
2 bed 1 bath Flat
- Currently let achieving £800 pcm (£9,600 pa)
- 103 years remaining on the lease
- Allocated off-street parking space to rear
- D-rated EPC; gas central heating and double glazing
- Kitchen dated and will require renovation to add value
- Ground rent £50 pa; 50% contribution to communal works
- Located in a very deprived area with above-average crime
- To be sold at public auction; buyer to confirm terms
Offered at public auction, this two-bedroom first-floor flat in St Budeaux is presented as a straightforward rental investment with immediate income. Currently let on a 12-month assured shorthold tenancy producing £800 pcm (£9,600 pa), the property benefits from a private rear access, allocated parking and gas central heating.
The flat occupies a mid-terrace building of early 20th-century origin and has double glazing and a D-rated EPC. Accommodation includes an entrance hall, sitting room, kitchen, two bedrooms and a bathroom across approximately 679 sq ft. The lease has 103 years remaining, annual ground rent is £50 and there is no standing service charge, though a 50% contribution to communal works is required as needed.
The property is suited to investors seeking an entry-price buy-to-let or a hands-on refurbishment project. The kitchen is dated and would benefit from updating to increase rental value or re-let potential; the building and flat present typical mid-terrace maintenance and improvement opportunities rather than a turnkey purchase.
Important considerations: the area is classified as very deprived with above-average crime statistics, and purchasers should factor that into investment strategy and tenant profiling. The lot will be sold at auction, so prospective buyers should research the lease terms, auction conditions and communal liability before bidding.
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