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Block of apartments for sale
Flat 1 + 2, 157 High Street, Burton-On-Trent DE14 1JE
£100,000
Flat 1 + 2, 157 High Street, Burton-On-Trent DE14 1JE
£100,000
Our Summary
- For sale on 29 October 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- Each flat has scope to improve and increase rents in let on Assured Shorthold Tenancy agreements
- There is even more scope for higher returns if they were to be set up as short term lets like other flats nearby
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 29
- Two apartments currently let and producing a combined income of £12,900 per annum with scope to improve
Description
A two-flat property on Burton High Street is up for auction, with both flats currently let and producing a combined income of £12,900 per annum. Flat 1 is a studio apartment on the first floor with a lounge/kitchen/bedroom and family bathroom, currently let for £525 per month. Flat 2 is a three-bedroomed apartment on the top floor with a lounge, kitchen, and family bathroom, currently let for £550 per month. The property is situated in the town centre, close to amenities, and has scope for improvement and increased rents. The property is leasehold with a 125-year lease from 2007, and is being sold under an unconditional sale type with a 5% deposit and a buyer's fee of 4.8% of the purchase price.