Freehold block for renovation with rental upside after refurbishment.
Four self-contained flats: 3 one-bed, 1 studio
A two‑storey end-of-terrace block offering four self-contained flats (3 x one-bed, 1 x studio) on a freehold title. The building totals approximately 1,302 sq ft with a rear yard and is offered at auction on 24 October via online sale. It’s a straightforward lot for an investor or small developer prepared to manage renovation and letting.
The property requires significant updating throughout: boarded windows, signs of damp and mould in places, and dated fittings and finishes. Walls, services and communal areas will need inspection and likely repair or replacement; purchasers should factor refurbishment costs into bids. Current comparable lets on the street are advertised around £2,100 pcm, but prospective buyers must verify rental assumptions independently.
Location factors are mixed. The block sits in a very deprived, high-crime ward with constrained young families and challenged local communities; local schools nearby hold Good Ofsted ratings. Transport and digital connectivity are strong (excellent mobile, fast broadband), which supports lettings, but the socio-economic profile will affect tenant demand and management needs.
This lot suits a hands-on investor or builder familiar with refurbishment in higher-risk urban markets. Clear upside exists if refurbished and professionally managed, but capital expenditure, lettings risk and area-related management costs are material and should inform any purchase decision.
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