Income-producing fixer with strong yield potential for hands-on investors.
Tenanted at £650 pcm generating £7,800 pa (income immediate)
Indicative 10.4% yield based on guide price
Victorian mid-terrace freehold with period character
Fixer-upper: exterior peeling paint and rust visible
Interior dated; kitchen and rooms need full modernization
Sold at auction — 10% deposit plus buyers' admin fee applies
Very deprived area and small plot; average local crime
Auctioneer has not internally inspected; survey recommended
A straightforward investment opportunity in Stoke-on-Trent: a two-bedroom Victorian mid-terrace offered freehold and sold at online auction. The property is currently let at £650 pcm (£7,800 pa), producing an indicative 10.4% yield based on the guide price. It sits close to local shops and transport links in a city/major town setting with excellent mobile signal and fast broadband.
The house is a clear fixer-upper. Exterior paint is peeling and there are signs of rust; the interior has dated kitchen and small rooms that will need modernization to improve rent or resale value. The auctioneer has not internally inspected, so buyers should factor in potential unseen maintenance, electrical or structural work when budgeting.
Practical positives include no reported flood risk, freehold tenure, low council tax and an established tenancy providing immediate income. Material considerations: the property is in a very deprived area with average crime levels, a small plot, and will be sold unconditionally at auction — buyers must pay a minimum 10% deposit (subject to minimum) plus a buyers’ administration fee and complete within 28 days. Review the legal pack and arrange an inspection before bidding where possible.
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