Affordable auction buy with strong rental potential for investors.
Chain-free immediate purchase available
A straightforward three-bedroom mid-terrace on Sidney Street, offered freehold and chain-free with immediate exchange available. The house has been freshly redecorated and benefits from a modern fitted kitchen, a contemporary white bathroom suite, new ground-floor carpeting and UPVC double glazing. Gas central heating is installed and the property sits in a solid-brick Victorian terrace typical of the area.
This sale is via Secure Sale online bidding with a starting bid of £59,000 and auction terms and conditions apply. The home is compact (circa 958 sq ft) on a small plot, suited to buy-to-let investors or purchasers seeking an affordable entry into the area. Estimated rental potential is around £600 pcm, yielding an attractive percentage at the current guide price.
Material considerations: the wider neighbourhood is classified as very deprived with high local crime levels and a transitional Eastern European population profile. The building is likely uninsulated solid brick (original fabric c.1900–1929) which may require insulation or energy upgrades. Despite recent cosmetic work, the property’s Victorian mid-terrace form and small rooms limit scope for significant extension on the plot.
Practical advantages include very low flood risk, excellent mobile signal and fast broadband speeds. Council tax is very low. Buyers should factor in local socio-economic issues, potential retrofit costs for thermal efficiency, and the auction/secure-sale process when deciding to view or bid.