Initial price	£55,000
04/04/25	£50,000
Price Change	-9.09%

This property is a one-bedroom leasehold retirement flat located in Witham Town Centre, close to local amenities and transport links. The flat is currently let on an assured shorthold tenancy, producing an annual income of £10,320, which represents a yield of nearly 19% of the guide price. The property has a total floor area of 442 square feet, comprising a lounge, kitchen, bedroom, and shower room. The flat is situated in Mill Vale Lodge, which offers residents parking, a communal launderette, kitchen, and lounge, as well as a full-time House Manager who lives on-site. The property is being sold by public auction on April 10th, 2025, and bidding will be available by telephone, proxy, and online.