Initial price	£65,000
06/02/25	£58,000
Price Change	-10.77%

This one-bedroom leasehold retirement flat is being sold by public auction on February 26th, 2025, with bidding available by telephone, proxy, and online. The property is currently rented on an annual assured shorthold tenancy for £9120 per annum, providing a yield of over 15.7% of the guide price. The flat is situated on the first floor with views over Castle Park/Sworders field and has 323 square feet of living space, including an entrance hall, living room, bedroom, kitchen, and shower room. The property is subject to a 125-year lease from 1988, with 88 years remaining, and has an annual service charge and ground rent of £3301.68. The occupiers must be 60 years of age or over.