Low-entry auction buy with rental income and refurbishment upside for investors.
Two-bedroom Victorian mid-terrace, circa 1900–1929
A two-bedroom Victorian mid-terrace offered for sale at online auction with bidding from 15–16 September. The property is freehold with an EPC C and currently occupied by a tenant on a monthly rolling tenancy paying £410 pcm, producing an annual income of £4,920. The sale includes an administration fee of £3,600 (inc. VAT) payable on exchange; prospective buyers should consult the legal pack for further disbursements.
The house is traditional solid-brick construction (circa 1900–1929) with pre-2002 double glazing and external wall insulation. Accommodation comprises front reception room, kitchen, two bedrooms, bathroom and small outdoor space across about 700 sq ft. The building needs modernization throughout — cosmetic and likely some systems updating — but offers clear rental or refurbishment potential.
Location provides easy access to local schools, shops, transport links, and coastal amenities, though the neighbourhood is classified as very deprived with above-average crime levels. The plot is very small and rooms are modest in size; buyers should factor in limited outdoor space and potential yield adjustments. Suited to investors seeking a low-entry auction purchase or a hands-on refurb project.