This 2-bedroom, 1-bathroom leasehold apartment is being sold under an auction contract for £245,000 plus. The property, which is 8 years old, offers a bright and airy open-plan kitchen diner, two double bedrooms, and a 3-piece bathroom suite. It also features a spacious east-facing balcony and an additional storage room. With a 991-year lease and a ground rent of £300 per year, the property is an attractive investment opportunity. The apartment is currently let on an Assured Shorthold tenancy, generating a monthly rental income of £1,550 or £18,600 per year. Located in Abbey Wood, the property is just a 600-yard walk from Abbey Wood Station and offers easy access to London via the Elizabeth line. The buyer will be required to pay a 10% deposit and a buyer's premium of 2% of the sale price, minimum of £5,000 + VAT upon exchange of contracts.