7.5% gross yield at guide price; ideal for hands-on investors.
Three-bedroom semi-detached freehold with rental income £600 pcm
A three-bedroom semi-detached home offered for sale by online auction, currently let at £600 pcm producing £7,200 pa. At the guide price this equates to an approximate 7.5% gross yield, making it of clear interest to buy-to-let investors or cash buyers seeking an income-producing refurbishment project.
The property requires modernization throughout: the kitchen and living spaces are dated, the garden is overgrown and general maintenance is needed. The accommodation includes porch, hallway, lounge (currently used as a fourth bedroom), kitchen, dining room, storage room, three first-floor bedrooms and a shower room. Parking is on-street to the rear.
Practical advantages include freehold tenure, proximity to local shops, Tesco Express and the Royal Stoke Hospital, and local good-rated schools. Note the property will be sold at auction on 10th December 2025; a 10% deposit (minimum £5,000) plus a Buyers Administration Fee of £1,200 + VAT will be payable on exchange, with legal completion typically required within 28 days.
Buyers should be aware the auctioneer has not internally inspected the property. The area records above-average crime and higher deprivation, and the property is currently tenanted, so purchasers must review tenancy details and the legal pack before bidding. This is a straightforward refurbishment/investment opportunity for those prepared to carry out works and manage the tenancy or re-let post-refurbishment.
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