Summary - 21 SILK STREET SUTTON-IN-ASHFIELD NG17 5AA
2 bed 1 bath Terraced
Two-bed terraced freehold with tenant, auction sale and refurbishment upside..
- Tenant in situ; immediate rental income potential
- Freehold with current EICR and gas safety certificates
- Two bedrooms plus large attic room for conversion potential
- Two reception rooms and small enclosed rear garden
- Requires modernisation and likely wall insulation works
- Solid brick construction; double glazing but unknown install date
- Located in a very deprived area with high local crime rates
- Being sold at online auction; starting bid £75,000
Offered with a tenant in situ, this two-bedroom mid-terraced Edwardian home provides immediate rental income and a clear refurbishment opportunity. The property is freehold, comes with current EICR and gas safety certificates, and is being sold via online auction with a starting bid of £75,000.
Internally there are two reception rooms, a rear kitchen, bathroom, two main bedrooms and a large attic room that adds flexible space or conversion potential (subject to consent). The small enclosed rear garden is low-maintenance; the house benefits from mains gas heating, double glazing and solid brick construction.
The property does require modernization and general TLC: cosmetic updating, possible insulation improvements (solid brick walls assumed uninsulated) and routine refurbishment work are needed to maximise value. The home sits in a very deprived area with high local crime statistics, so prospective buyers should weigh location-driven yield against potential management and lettings considerations.
For an investor prepared to carry out works, the house offers scope to increase rental yield or add value through targeted upgrades, attic conversion or reconfiguration. Its proximity to the town centre, good local amenities, fast broadband and excellent mobile signal support lettability in a renting, worker-focused area. Buyers must note this sale is at auction, with legal pack and AML ID verification required before bidding.
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