Initial price	£115,000
19/08/25	£99,500
28/10/25	£75,000
23/12/25	£67,500
Price Change	-41.30%

This ground floor studio flat is being sold through online auction on January 28-29 with a guide price of £67,500. The property is tenanted and generates a rental income of £850 per month, offering a gross yield of 15.1%. The flat features a private courtyard area and comes with a car parking space. The current ground rent is £50 per annum, which will increase to £75 in 2026. The property is rated within council tax band A and has an EPC rating of D. The leasehold term is 125 years from 1986, with the rent payable being £850 per month. Suitable for investors only, the property is being sold with the tenant in situ and comes with a buyer's premium of 3% (minimum £4,500) and a 10% deposit payable in addition to the premium.