Summary - 7 THOMAS STREET NEATH SA11 2SD
3 bed 1 bath Terraced
Three-bedroom buy-to-let with renovation potential in a central town location.
Sold at auction — completion within 56 days and reservation fee applies
A three-bedroom Victorian mid-terrace offered for sale by auction, marketed to landlords only with tenants in situ. The property sits on a small plot with a low-maintenance concrete garden and rear lane access. Accommodation includes lounge, dining room, kitchen/breakfast room, ground-floor bathroom and three first-floor bedrooms across approximately 843 sq ft.
This is a buy-to-let opportunity for investors prepared to purchase at auction and accept the sitting tenancy. The house needs some renovation and repair work; cosmetic and functional updates will be required to maximise rental value. The property benefits from gas combination central heating, majority double glazing and an EPC rating of D.
Buyers should note auction terms: completion within 56 days and payment of a non-refundable reservation fee (4.5% of purchase price, minimum £6,600). The local area shows above-average crime and very high deprivation, which will affect tenant demand and long-term yield assumptions.
For the right investor this is a value-driven purchase: straightforward layout, established letting history, and refurbishment potential in a traditional terrace. Factor in renovation costs, the auction fee structure, and local market conditions before bidding.
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