Auction-priced, tenant-occupied opportunity for hands-on investors seeking value-add.
Two bedrooms, mid-terraced Victorian property, 814 sqft
A two-bedroom mid-terraced Victorian property offered freehold and sold at auction, presenting clear upside for an investor. The house is occupied by a tenant, providing immediate rental income; sale by auction means completion is expected within a defined 56-day reservation period.
The property requires full modernisation: cosmetic updating throughout, likely insulation improvements to solid brick walls, and general refurbishment to kitchens and bathrooms. Heating is mains gas with a boiler and radiators; glazing is double glazed but install date is unknown. The small rear plot and modest room sizes reflect the mid-terrace layout and urban location.
Location and running costs give practical advantages: broadband and mobile signal are strong, council tax is very cheap, and nearby schools and basic amenities are within walking distance. Important negatives are the local area statistics — high crime levels and very deprived ward classification — which will affect tenant demand and resale premium.
This is a practical purchase for a buyer who understands auction mechanics and refurbishment budgets. The immediate rental income and low purchase price create scope for value-add through modernisation, energy upgrades and reconfiguration where permitted. Buyers should review the buyer information pack, factor in the reservation fee and associated auction payments, and inspect with their lender before bidding.
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