Summary - 161, WEST THORP NE5 4NE
4 bed 1 bath Terraced
Low-cost four-bed terrace with tenant in place — immediate rental income potential..
Tenant in situ paying £550pcm, immediate rental income
Freehold mid-terrace, mains gas boiler and radiators
EPC rating C; double glazing (install date unknown)
Four bedrooms but only one bathroom, rooms small to medium
Small plot with enclosed rear garden and paved front
Area: very deprived with high local crime rates
Sold at low price — potential for rental yield after refurbishment
Services and appliances untested; budget for updates
A four-bedroom mid-terrace in West Thorp offered with a tenant in situ, providing immediate rental income of £550 pcm. The house is freehold, double-glazed with mains gas central heating and an EPC rating of C. Its traditional layout includes an entrance hall, separate lounge and dining room, kitchen, four first-floor bedrooms and a single bathroom. The plot is small with an enclosed rear garden and paved front area.
This property suits an investor seeking a straightforward buy-and-hold asset in a constrained, value-led market. The current tenancy removes void risk on purchase but means buyers should expect to acquire with the tenant’s rights in place. The area shows higher crime rates and very high deprivation, which affect long-term capital growth prospects but also supports steady rental demand.
Internally the house offers solid rental fundamentals and modest refurbishment potential — cosmetic updating could improve rent and appeal. Note there is only one bathroom and rooms are small to medium-sized, reflecting the mid-20th-century build. Buyers should budget for general modernisation where necessary and confirm mechanical and electrical services, which have not been independently tested.
Practical positives include low council tax (Band A) and good transport links to major roads and the airport. Short-term returns are supported by the in-situ tenant; longer-term investors should weigh local area challenges against the low purchase price and rental yield potential.
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