**Property Overview:**
- **2 Bedrooms, 1 Bathroom**
- **Mid-Terrace Victorian Home**
- **Auction Price Range: £115,000 - £125,000**
- **Current Rental Income: £550 pcm**
- **Freehold Tenure**
- **Small Walled Foregarden & Lawn**
- **High Crime Rate Area**
- **Structural Concerns: Solid brick walls with no insulation**
- **Potential for renovation due to cosmetic wear**
This charming mid-terrace Victorian property boasts a classic design while holding great potential for renovations or as a buy-to-let investment. With a total space of 743 sq ft, this cozy home features a bright, medium-sized lounge and dining room, characterized by high ceilings and traditional period details, creating an inviting atmosphere perfect for families or young professionals. The well-maintained garden includes a brick-built out house, ideal for storage or potential further development.
Currently tenanted with a long-standing tenant, the property generates £6,600 annually, offering immediate rental income. However, the tenant's occupancy of over 40 years may indicate that the rental price is below market value, providing new owners with the opportunity to adjust rents accordingly in the future.
While the property benefits from UPVC double glazing and mains gas heating, there are some concerns, such as the absence of insulation and a notable high crime rate in the area, which potential buyers should take into consideration. Local amenities including schools, shops, cafes, and community centers ensure convenience while fostering a vibrant lifestyle in the area.
This auction will take place on **10th September**, and with its blend of charm, potential rental income, and cost-effectiveness, this property is an opportunity not to be missed. Don't let this gem of a home slip away!
