Flat 12, Woolsey House, Pump Square, BOSTON, Lincolnshire, PE21 6RA

Description

Long leasehold third floor purpose built selfcontained flat Investment £8,940 per annum Location: The property is situated on Pump Square accessed via Dolphin Lane. Shopping amenities are available locally within Boston Town Centre with a further range of shops, bars and restaurants found in Lincoln Town Centre lying to the north west. Public transport links are available at Boston Rail Station located to the west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A16 and the A52. Recreational pursuits can be found at Central Park and Boston Golf Club. Accommodation: Entrance hall, two bedrooms, ensuite shower room/WC, reception room, kitchen, bathroom/WC, balcony. Outside: Two parking spaces within gated car park EPC rating: C Council Tax Band: A Tenancy: The property is let on a tenancy agreement at a rent of £745 pcm. Rent reserved: £8,940 per annum Lease: Held on a long lease for a term of 999 years from 1st

Location

The property is situated on Pump Square accessed via Dolphin Lane. Shopping amenities are available locally within Boston Town Centre with a further range of shops, bars and restaurants found in Lincoln Town Centre lying to the north west. Public transport links are available at Boston Rail Station located to the west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A16 and the A52. Recreational pursuits can be found at Central Park and Boston Golf Club. Accommodation: Entrance hall, two bedrooms, ensuite shower room/WC, reception room, kitchen, bathroom/WC, balcony. Outside: Two parking spaces within gated car park

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £8,940 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

• Verify tenancy documents, rent history and deposit compliance

Recommendation

Preferred strategy: Long-Term Buy-to-Let. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆