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See how verdicts work1-bedroom flat · FY1 2RQ
Listing removedListed 64 daysAuction 21 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For Sale by Online Auction with a Starting Bid of £19,950. Spacious Ground Floor Flat with no chain & Potential 30% Yield! T&Cs. See WebbMove for all the Auction Details.
For Sale by Online Auction with a Starting Bid of £19,950. Terms and Conditions Apply. See WebbMove for all the Auction Details.
Ground Floor Investment Flat – High-Yield Opportunity A spacious ground floor flat with a rear yard, offering an excellent refurbishment and rental investment opportunity, with an estimated rental income of £525 pcm and an impressive potential gross yield of approximately 30%.
This generously proportioned 400 sq ft ground floor flat benefits from a rear yard and is offered with no onward chain, making it an attractive proposition for investors looking for a straightforward purchase with strong rental potential.
The property benefits from a 999-year lease from 26th October 1993, with no management fees and a nominal £25 per annum ground rent.
Following refurbishment, the property is estimated to achieve a rental income of around £525 per calendar month, providing an exceptional potential gross yield of approximately 30% based on the asking price and estimated rental income.
Its convenient location places it close to local amenities, the promenade and the town centre, making it well positioned for both rental demand and future capital growth.
The town centre is also currently undergoing a multi-million-pound regeneration programme, adding further potential to the area's long-term appeal.
Communal hallway living room 17' 9" x 8' 9" (5.41m x 2.67m) inner hallway 15' 2" x 3' 2" (4.62m x 0.97m) kitchen 6' 11" x 7' 10" (2.11m x 2.39m) bathroom 8' 5" x 4' 7" (2.57m x 1.4m) bedroom 10' 7" x 11' 1" (3.23m x 3.38m) rear yard coverage broadband We are advised that the property can obtain Fibre to the Cabinet (fttc) Mobile data We are advised that you are likely to have mobile coverage We would suggest that you also make your own enquiries as to Mobile Data coverage auction information This property is for sale by online auction under WebbMove Auctions ('The Auctioneer').
Lots sold by the Auctioneer will typically be sold under unconditional auction terms. The auction end date for this property is scheduled for 21st September 2026.
Please note some circumstances can cause this date to change, and it may close before the scheduled end date.
Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours.
Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively.
The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.
Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings.
Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids.
Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.
For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions.
We recommend seeking the advice of a competent legal advisor before placing a bid. Looking to sell by auction rather than buy? Get in touch for your free valuation!
You never know, your property may be worth more than you think. WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
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