Summary - GROUND FLOOR, 34, ALMA ROAD NR32 2EA
1 bed 1 bath Ground Maisonette
Compact income-producing flat near town centre and station.
Long-standing tenant in situ paying £4,810 per annum
Freehold one-bedroom ground-floor maisonette with own entrance
Private enclosed garden, gravel drive and timber shed
Double glazing; gas central heating; EPC rated C
Small footprint (around 35 sq m); compact one-bed layout
Area classified as very deprived; local crime levels very high
Solid brick walls likely without insulation; potential upgrade needed
Sold at livestream auction; £1,200 admin fee on exchange plus disbursements
This one-bedroom ground-floor maisonette is presented as a straightforward buy-to-let opportunity. It is sold freehold with a long-standing tenant in situ paying £4,810 per annum, and a guide price of £55,000 to £65,000 by livestream auction. The property has its own entrance, enclosed rear garden, gravel drive and timber shed, and is close to the town centre and railway station.
Internally the flat benefits from double glazing, gas-fired central heating to radiators and a current EPC rating of C. The accommodation is compact (around 35 sq m): kitchen, sitting room, bedroom and bathroom — suitable for single-occupant or couple tenancy. The existing tenancy dates from 1997 and provides immediate rental income for a purchaser.
Buyers should weigh clear positives against material local and property-specific drawbacks. The area records very high crime and is classified as very deprived; the plot is small and the building is older with solid brick walls and assumed lack of cavity insulation. The rear paved garden needs maintenance and there may be limited scope to increase rent without refurbishment.
Sale logistics and costs are important: the property will be sold at livestream auction and an administration fee of £1,200 (including VAT) is payable on exchange, with additional disbursements set out in the legal pack. This is a pragmatic purchase for an investor seeking immediate income and short-term hands-on management, or for someone prepared to invest in modest refurbishment to improve long-term returns.
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