Hands-off rental producing strong monthly income with loft conversion potential.
Freehold Victorian mid-terrace with 4/5 bedroom potential
A substantial Victorian mid-terrace offered with a long-standing managed tenancy producing circa £1,700pcm. The property is freehold and presented as a hands-off investment; the current management company has occupied the house for around three years on a rolling contract, which the new owner may choose to renegotiate.
The house is arranged as a 4/5-bedroom layout with one bathroom and good natural light to the front rooms. Similar homes locally have added a loft conversion for an extra bedroom, so there is clear scope to increase rental value or tailor the layout if the tenant vacates. Broadband and mobile signal are strong, and there is no recorded flood risk.
Buyers should note material transactional and location points: the sale is by secured auction with a Reservation Fee of 4.5% (minimum £6,600 including VAT) payable by the winning bidder, and mortgage purchasers should confirm lending criteria before bidding. The wider neighbourhood scores as very deprived with very high crime levels, and the plot is small; these factors affect long-term owner-occupier appeal but are already reflected in the rental market for this property.
This suit-carefully property will appeal to investors seeking immediate income and long-term upside through refurbishment or extension, provided they budget for auction fees and factor local area challenges into valuations and management plans.
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