**Standout Features:**
- **Property Type:** Freehold Detached Victorian Building
- **Bedrooms:** 6
- **Bathrooms:** 1
- **Current Rental Income:** £8,064 per annum from 2 letting rooms
- **Estimated Rental Potential:** Up to £30,516.72 per annum when fully let
- **Auction Sale Date:** 29th May 2025
- **Location:** Close to local shops and amenities; near parks and transport links
**Potential Concerns:**
- Property condition: Requires renovation (fixer-upper)
- High crime rate in the area
- Minor conurbation designation indicating potential socio-economic challenges
This Victorian detached property, with a robust brick exterior and large windows, presents a prime investment opportunity for savvy buyers. Comprising six letting rooms and yielding a current income of £8,064 per year, the potential for gross rental earnings of over £30,000 annually makes it appealing for landlords or investors looking to expand their portfolio.
Sitting on a residential road within easy reach of parks and transport links, this property enjoys proximity to essential amenities such as shops and public transport. With two rooms currently tenanted, it offers immediate cash flow and the possibility for renovation to capitalize on the area's rental demand.
While the property is in need of some refurbishment and is located in a high-crime area, it also allows for significant future upside upon renovation. With its Freehold status and the potential to return to fully licensed HMO status, the possibilities are broad. Act quickly—this exclusive auction opportunity is not to be missed and is set to attract competitive bids!
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