Lodge Gardens, 25 Lodge Close, Bewdley, Worcestershire, DY12 1DN

Guide Price £75,000 * Plus 5% Buyers Premium + VAT

For sale by Unconditional Online Auction on the 30th of April 2025.

Registration is now open, bidding opens on 30th of April 2025 at 11:00 and ends on 30th of April 2025 at 11:42.

A two-bedroom first-floor apartment is available in an exclusive courtyard setting in the picturesque town of Bewdley.

Description
Properties in this desirable and charming area of Worcestershire are rarely available. This apartment comes with the advantage of an existing tenancy agreement, with the current tenant having resided here since 2005. The property generates a rental income of £7140PA, with an annual service charge of £920 and a ground rent of £120 per year.

The apartment is situated in a peaceful cul-de-sac and benefits from its own private parking area. Surrounded by well-maintained open lawns, No. 25 is accessed via a small staircase leading to a porch and hallway. Off the hallway, you'll find two spacious bedrooms, a bathroom, a kitchen, and a lounge, all of which are generously proportioned. As a first-floor apartment, it enjoys an abundance of natural light, creating a bright and airy atmosphere.

With a reliable tenant in place and no rental arrears and the property in good condition, this is a fantastic opportunity for an investor looking to expand their rental portfolio with minimal effort.

Priced to sell quickly, this property offers excellent potential for a solid return on investment. Based on the guide price, the potential yield from this property could be 13% subject to rental increase to market value.


Bewdley, Worcestershire, is a charming and picturesque town nestled along the banks of the River Severn, offering a peaceful and idyllic setting with a rich history. Known for its beautiful Georgian architecture, the town boasts an array of quaint shops, cafs, and traditional pubs, creating a welcoming and vibrant atmosphere. The surrounding countryside offers stunning views and numerous outdoor activities, including scenic walks, cycling routes, and the nearby Wyre Forest, making it a perfect location for nature lovers and outdoor enthusiasts.

With its close-knit community, excellent local amenities, and easy access to larger towns like Kidderminster and Worcester, Bewdley provides the perfect balance of rural tranquillity and urban convenience. Whether you're strolling along the riverbank, enjoying a local festival, or simply relaxing in one of the town's charming spots, Bewdley offers a warm, inviting atmosphere that's hard to beat.

NB: This property has 53 years left of a 99 year lease, but the owner has already initiated a Section 42 request to extend the lease and so the new buyer will benefit from having the option to extend the lease after purchase or simultaneously rather than have to wait the mandatory 2 year moratorium.

Council Tax Band A
Service Charge = £920pa
Ground Rent = £120pa
EPC = D

Similar Properties:
27, Lodge Gardens, Bewdley, DY12 1DN - Leasehold (53 Years Remaining) - Sold - 29/06/2021 - £125,000
Number 24 is currently on the market with an extended lease for £164,950

Tenure
Leasehold

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.