Initial price	£57,500
25/05/24	£55,000
Price Change	-4.35%

A prime property auctions new entry, this investment opportunity features a large 1-bedroom flat located in a popular buy-to-let location. The property is currently tenanted, generating a monthly rent of £489.25 and an annual income of £5,871. The tenant has been in situ since March 2021, providing a long-term and settled tenancy. The property is professionally managed by a letting agent, and the home report values the property at £70,000. With a current market rent of £550-£575, the property offers a gross rental yield of 9%. The property has seen capital values increase in the area, and it is expected to continue with developments in the surrounding area. The property is offered at a fantastic price and is open to immediate offers.