Apartment in Lichfield

2-bed apartment for sale, 106 m²

Lichfield

2 bedrooms1 bathroom

143.164 €

1.351 €/m²

Listed Sep 28, 2026

About this listing

For sale by Online Auction - 28th of October 2026. 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. Description 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 5060% 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. 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 10% deposit and a 3%+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.

What's included

Parking

Location

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Listed on

Rightmove

143.164 €