Initial price	£50,000
21/11/24	£40,000
Price Change	-20.00%

A one-bedroom ground floor apartment in a small Victorian block of four flats is being sold by public auction. The property was refurbished in 2022 and is currently let on a rolling AST agreement for £650 per month. The apartment features a newly fitted kitchen, bathroom, and a new combi boiler, with new uPVC windows and a rear door installed in 2021. The kitchen has access to a communal garden, and the property is situated in a central student area near the train station, making it a popular investment property. The lease has 57 years remaining, with an annual ground rent of £20 and a service charge paid as and when required. The property is being sold with a guide price of £40,000, and a buyer's premium applies. The auction will be held online on November 28, 2024, and the successful bidder will be required to pay a 5% deposit and a 5%+VAT buyers premium, with contracts exchanged and a 28-day completion period.