Low entry price for investors or renovators close to transport and schools.
Freehold mid-terrace with three bedrooms and basement storage
A three-bedroom Victorian mid-terrace offered freehold and sold via online auction, this property presents clear rental or refurbishment potential for an investor or cash buyer. Arranged over three floors with a useful basement, two reception rooms, a kitchen and a spacious bathroom, the house retains period features and high ceilings that will appeal to buyers who want character to refurbish.
The house requires renovation throughout — cosmetic and likely mechanical upgrades — so factor refurbishment costs into any purchase. The neighbourhood is in a very deprived area with high local crime rates, which will affect tenant demand and achievable rents; however, transport links, fast broadband and nearby schools (including an Outstanding secondary) support lettability for certain tenant groups.
The sale is by the Modern Method of Auction: there is a starting bid, an undisclosed reserve, and a non-refundable Buyer’s Premium (3.6% inc. VAT, minimum £6,600) plus a legal pack fee of £396. Buyers should download the legal pack, complete due diligence and allow for the auction timeline when arranging finance. The property is being sold as seen and is best suited to investors or experienced renovators prepared to manage works and local market considerations.
Positive value drivers are freehold title, three double bedrooms across three floors, basement storage and small front/rear gardens. Key negatives are the need for renovation, local area deprivation and auction-related fees and conditions—these are material and should be weighed alongside the attractively low starting price.
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