Currenlty listing 1,531 upcoming property auctions in the UK
Buy to Let Investment: Leasehold Second Floor Apartment
Address
See address
Auction date
04 Jun 2023
Guide price
£80,000
Type
Flat
Tenure
Leasehold
EPC Rating
Unknown
Status
Ended
Description
This appealing second-floor leasehold apartment is an excellent buy-to-let investment, currently generating a rental income of £850 per calendar month, yielding over 12% of the guide price. Positioned on a corner plot within a well-maintained building, the property is part of a larger structure consisting of four self-contained flats, making it a sound addition to any property portfolio.
- Accommodation: Communal entrance, living space measuring 14'7 x 8'7, kitchenette sized at 9'0 x 5'9, bedroom area at 8'7 x 7'5, and a bathroom.
- Leasehold: 125-year lease starting from 7th October 2022.
- Rent Reserved: Currently let at £850 p/c/m, with a tenancy agreement available in the legal pack.
- No ground rent or service charges, subject to agreement in the legal pack.
This property offers great potential for generating rental income, making it an attractive investment option. It's conveniently located near local shops, transport links, and healthcare facilities in the Westcliff-on-Sea area. Don't miss out on the opportunity to secure this desirable apartment.
Last update: 25 May 2026
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