Initial price	£40,000
30/05/25	£37,500
Price Change	-6.25%

This property is a leasehold flat located in a communal building with a 12-month AST set to expire on November 8th, 2025. The current tenant is in situ, and the property is generating a rental income of £6,900 per annum, resulting in a 12-15% yield. The flat is situated on the first floor and features a hallway, utility cupboard, bathroom, bedroom, and living room/kitchen. The bathroom and bedroom have exposed ceilings, and the living room/kitchen has a range of high-gloss grey units with integrated appliances. The property also benefits from a communal entrance, lift, and staircase. Parking is available on the street, and the council tax band is A, with an annual cost of £1,353.75. The lease has 150 years remaining, with an annual ground rent of £202 and service charge of £2,098.33.