Summary - 50 BERKELEY STREET NELSON BB9 0RQ
2 bed 1 bath Terraced
Auction sale with immediate rental return and period character.
Tenants in situ generating £5,640 pa rental income
A two-bedroom Victorian mid-terrace in central Nelson offered at auction with tenants in situ, presenting a clear investment entry at a low purchase price. The property currently produces £5,640 pa in rental income, giving a gross yield of approximately 8.7% at the current guide price of £65,000. The 701 sq ft layout includes a living room, dining kitchen and a three-piece bathroom; the home reports an EPC rating of D.
This is a straightforward buy-to-let for investors seeking immediate income. It is leasehold and will be sold at auction with a public notice/repossession recorded — bidders should factor auction terms, any ground rent/service charge liabilities, and the existing tenancy when preparing offers. The property sits in an area classified as very deprived with high local crime and constrained rental demand, which may limit future capital growth but supports steady rental take-up by local households.
Practical positives include a town-centre location, two-bed layout and low council tax. Material drawbacks: tenancy in place (sold with tenants), auction sale conditions, leasehold tenure, and the surrounding area’s high crime and deprivation. Buyers should complete due diligence on lease terms, tenancy agreements, and local management costs before bidding.
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