Ideal auction project for cash-ready investors seeking strong refurbishment potential.
Two-bedroom mid-terraced Victorian house, small rear yard
A two-bedroom mid-terraced Victorian house offered for sale by online livestream auction — suited to investors or developers prepared to refurbish. The property is freehold, close to local amenities and the A66 commuter route, and sits on a small rear yard with on-street parking to the front. Its low guide price reflects the clear need for full renovation and modernisation.
Internally the layout is straightforward: lounge, kitchen, rear lobby and bathroom at ground floor, with two bedrooms above. The building dates from the early 20th century and retains period bay-window character externally. The house currently requires a complete program of works — cosmetic and structural checks, services testing, and replacement or installation of heating. The EPC is G, and walls are likely uninsulated cavity construction, so energy upgrades will be needed to reach modern standards.
Buyers should note material auction conditions and potential extra costs: a 10% deposit on fall of hammer, administration fee and buyer’s premium, and additional disbursements or restrictions detailed in the legal pack. Local indicators include very high crime levels and high area deprivation, which affect lettability and resale values; however, fast broadband and excellent mobile signal support modern tenancy needs.
For an investor with time and budget, the house offers refurbishment potential in a commuter-accessible location. Carry out full due diligence on the legal pack, services and building safety before bidding; the property is sold as seen and will need comprehensive works to be habitable or lettable.
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