Summary - 126 CENTURY STREET STOKE-ON-TRENT ST1 5HX
3 bed 1 bath Terraced
Auction sale with immediate rental income and refurbishment potential for hands-on investors.
- Three-bedroom mid-terrace with sitting tenant at £500 pcm (£6,000 pa)
- Guide price £55,000; projected gross yield ~10.9% at guide price
- Sold at online auction; 10% deposit and buyer admin fee on fall of hammer
- Auction lot not internally inspected — unknown internal condition
- Small forecourt requiring maintenance; likely refurbishment needed
- Very high local crime and very deprived area — management risk
- Freehold tenure; fast broadband and excellent mobile signal
- Strict 28-day completion requirement; check legal pack for extra fees
A three-bedroom mid-terrace offered for sale by online auction with a sitting tenant paying £500 pcm (£6,000 pa). At the guide price of £55,000 this produces a projected gross yield of around 10.9%, making it a clear income-led opportunity for investors seeking an immediate return. The property is freehold and located close to local shops and amenities in Stoke-on-Trent.
The house has a mid-century brick exterior and a small forecourt that needs maintenance. The auction lot has not been internally inspected; bidders should review the legal pack and allow for unknown internal condition and potential repair or refurbishment costs. Completion terms are strict: a 10% deposit (minimum £5,000) and buyer administration fee are payable on the fall of the hammer, with legal completion required within 28 days.
Local area factors that will affect appeal and management include very high crime levels and a very deprived neighbourhood profile. Broadband and mobile signal are reported as good, and council tax is very cheap. The property suits an investor comfortable managing tenanted stock in challenging areas or a buyer planning refurbishment and longer-term repositioning.
Important practical points: this is an unconditional auction sale — the purchaser will be legally bound on exchange. Check the legal pack for further fees, tenancy details, and any restrictions before bidding. Viewing and an internal inspection are advisable where possible prior to purchase, but note the auctioneer has not inspected internally.
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