A centrally located Grade II Listed 2-bed/2-bath apartment with allocated parking, offering potential for either conventional letting or serviced accommodation, subject to confirmation of lease/freeholder and planning requirements.
This attractive top floor apartment is presented in excellent condition and offers a great opportunity to a buyer looking for owner-occupied accommodation, a buy-to let long term rental property or a short-term letting investment.
The property is sold with vacant possession.
Rental Potential:
Current comparable 2-bedroom apartments in Lichfield are being marketed at approximately £1,100–£1,250 pcm, with several central properties achieving the asking rent.
Assuming a rental income of £1,200 pcm the gross yield would be 11.5%.
The vendor advises that service charges for 2025 -26 are £3455.00. Ground rent is a nominal sum of £1.00 pa.
The net rental yield could be almost 9% pa, thus generating a strong return on capital investment.
Prospective purchasers should make their own enquires for rental potential.
Airbnb / Short-Term Let Potential:
The property also offers potential for short-term/serviced accommodation, subject to lease, freeholder and any required planning or regulatory consents.
Lichfield has an established Airbnb market, with current data indicating typical occupancy of approximately 50–60% and nightly rates broadly around £100–£140, depending on property type, location, quality and seasonality.
For a centrally located 2-bedroom, 2-bathroom apartment with secure parking, illustrative gross revenue scenarios are:
£100/night at 50% occupancy: £18,250 p.a.
£115/night at 60% occupancy: £25,185 p.a.
£130/night at 65% occupancy: £30,843 p.a.
All figures are indicative market scenarios and are not guaranteed returns.
Key Investment Features
2 double bedrooms
2 ensuite bathrooms
Open-plan living/dining area
Secure allocated parking with electric gates
Prime central Lichfield location
Walking distance to shops, restaurants and transport links
No upward chain
999-year lease from 1 January 2000
Peppercorn ground rent
Service charge: £3,455 p.a. (2025/26)
EPC: C
Viewings will be offered to serious prospective purchasers who can demonstrate that they are proceedable on auction terms.
Leasehold
* Plus 3% Buyers Premium + VAT
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.
Each Lot is sold in its existing condition and state of repair. Buyers are deemed to have inspected the Property and satisfied themselves as to its condition, structure and suitability prior to bidding. Town & Country Property Auctions gives no warranty or guarantee as to the condition, structure, construction, repair or suitability of any Property, or the working order of any fixtures, fittings, services, heating systems or appliances included in the sale. No objection, claim or recourse shall be made against Town & Country Property Auctions in respect of these matters. Purchasers requiring mortgage finance or other funding are advised to arrange this prior to the auction and should satisfy themselves that the Property meets their lender's requirements. Material information relating to the Property will be provided within the Legal Pack. To download the Legal Pack, please visit tcpa.co.uk.
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.
Town Centre Apartment in Grade II Listed Building.
999-year lease from 1 January 2000
Strong Income Generating Potential >11%
D
01/01/2000
975 years (948 years unexpired)
£1
£3,455
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
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