Investment opportunity with refurbishment potential and estimated rental income.
Low guide price, freehold vacant lot
A compact two-bedroom Victorian mid-terrace offered vacant and sold at auction with a low guide price. The house already has double glazing and gas central heating; after refurbishment it could generate an estimated rental income of about £10,200 a year, making it suitable for buy-to-let investors or hands-on landlords seeking a value purchase in L8.
The accommodation is straightforward: vestibule, through living/dining room, kitchen and bathroom to the ground floor, with two bedrooms upstairs and a small rear yard. The property dates from c.1900–1929 and has solid brick walls (assumed uninsulated). An EPC C and Band A council tax are positives for running costs once improvements are made.
Important negatives are clear and should inform budgets: internal damp and mould have been noted and the house will require refurbishment and modernisation. The location is in a very deprived area with high crime levels; the plot is very small and the street is urban and densely populated. Buyers should allow for remedial repairs, possible redecoration, and targeted improvements to meet lettings standards.
This lot will be offered at public auction on the stated date. The sale is freehold and vacant possession will be provided. Investors comfortable with refurbishment in an inner-city setting may find good upside, but those expecting a turn-key home or quiet suburban streets should look elsewhere.
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