Initial price	£25,000
06/12/24	£15,000
Price Change	-40.00%

This property is a first-floor one-bedroom flat that is currently let out under an Assured Shorthold Tenancy agreement, generating an annual income of £5,400. The flat is situated on a residential road, close to local shops and amenities, as well as transport links. The property is being sold at auction on December 17th, 2024, with a guide price of £15,000, plus a 5% buyer's premium and VAT. The buyer will need to pay a 5% deposit and a 5%+VAT buyer's premium, and contracts will be exchanged immediately after the auction. The property is being sold on an unconditional basis, meaning that the buyer is legally bound to buy and the seller is legally bound to sell. The auction conditions require a full legal completion 28 days following the auction.