Guide price
£40,000
1 bed flat for saleWasley Road, Cheltenham GL51
1 bed
1 bath
1 reception
About this property
Spacious 1-bedroom tenanted flat (475 sq ft)
Competitively priced for 28-day auction and chain free
To be sold with tenant in situ
Current rental income £550 pcm (paid on time)
Gross yield = 15-16% (based on guide price)
In need of full refurbishment
Service charge - £1,200 pa
Ground rent = £10 pa
Living room (174.84 sq ft)
Fitted kitchen (81.00 sq ft)
Property Solvers Online Auctions is delighted to present this spacious 1-bedroom tenanted flat (475 sq ft) located in Wasley Road, Cheltenham. This property is a great starting point for a savvy investor looking to enter the market.
This well-positioned one-bedroom flat on Wasley Road, Cheltenham, presents an attractive opportunity for investors seeking a tenanted property with an existing rental income. The property is situated in a convenient residential location, offering easy access to Cheltenham town centre and a range of local amenities, shops and transport links.
The flat provides a practical layout with a well-proportioned living room (174.84 sq ft), fitted kitchen (81.00 sq ft), one bedroom (129.32 sq ft) and a sizable bathroom (28.60 sq ft). The property also features a private balcony. The property offers a straightforward investment opportunity and benefits from an existing tenant, providing continuity of rental income for the incoming owner.
Located within the popular town of Cheltenham, the property is well placed for access to the town centre, local employment opportunities, retail facilities and leisure amenities. This could therefore appeal to both experienced landlords and investors looking to add a relatively low-maintenance residential property to their portfolio.
More Information
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The preliminary legal pack can be viewed directly via the auction listing itself. Property Solvers Auctions will update the legal pack and inform all parties that express interest in bidding. For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.
Notice to Bidders
Please be aware that if your bid is successful on auction day, the exchange of contracts will happen immediately after the Auction. A 10% deposit will be required.
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Generally speaking, guide prices are provided as an indication of each seller's minimum expectation, i.e. 'the reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Virtually every property will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which we expect will be set within the guide range or no more than 10% above a single figure guide.
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (Ask agent)
Service charge
Council tax band
Ground rent
Ground rent date of next review



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