Long-let two-bed with strong gross yield and renovation upside.
Long-established tenant paying £550 pcm (£6,600 pa)
Guide price £60,000 (high gross yield ≈11%)
Freehold Victorian mid-terrace, approx 35 sq m (377 sqft)
EPC rating C; gas central heating and double glazing
Small internal rooms; compact footprint, limited living space
Area: very deprived with very high crime — management risk
Assumed solid brick walls with no cavity insulation (energy work likely)
Auction sale with £1,200 admin and £600 buyer's premium payable on exchange
Set around 35 sq m (377 sqft), this two-bedroom mid-terrace in Great Yarmouth is offered freehold with a long-established tenant paying £550 pcm (£6,600 pa). The current income against the guide price produces a high gross yield attractive to buy-to-let buyers seeking immediate return. The property benefits from gas central heating, double glazing and a C-rated EPC.
This is a straightforward rental asset: let on an assured shorthold tenancy for about ten years, close to the town centre and local amenities. The house is compact and best suited to investors or landlords who prioritise yield over size. It will be sold at livestream auction; buyers should factor in the auction timetable and legal pack review.
Material points to note: the terrace was built before 1900 with assumed solid brick walls and no cavity insulation; the footprint is small and internal rooms are modest. The area has high crime levels and very high deprivation statistics, which can affect tenancy demand and management costs. There are additional buyer charges: a £1,200 administration fee and £600 buyer’s premium (both inc. VAT) payable on exchange, plus any disbursements listed in the legal pack.
This lot suits an investor focused on immediate rental income and potential uplift through targeted refurbishment or improved energy efficiency. It is not aimed at owner-occupiers seeking large living space or quiet, low-crime neighbourhoods.
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