Summary -
20 Fraser Street,STOKE-ON-TRENT,ST6 2DP
ST6 2DP
2 bed 1 bath Terraced
Let property with strong yield for cash buyers seeking a renovation project.
Let at £525 pcm (£6,300 pa), immediate income
Offered at auction with a sitting tenant, this Victorian end-terrace is presented as a straightforward investment with immediate income. The property is let at £525 pcm (£6,300 pa), giving a guide-price yield of about 9.6% before costs. Accommodation is simple and functional: lounge, dining room, kitchen and bathroom to the ground floor, two bedrooms above and a small yard to the rear.
The house requires refurbishment and is being sold without an internal inspection by the auctioneer; buyers should budget for renovation and obtain the legal pack. It’s freehold and compact at around 714 sq ft, making it suitable for short-term refurbishment to improve rental value or hold as a low-maintenance income let. Mobile signal and broadband are both strong in this area.
Location offers practical advantages: close to local shops, fast food and leisure amenities, and within reach of several schools rated Good or independent options. Note the property sits in a very deprived area with a high local crime rate and a very small plot — factors that will affect tenant demand and resale. No flood risk is recorded.
Auction particulars are important: an unconditional lot with a 10% deposit on the fall of the hammer (minimum £5,000) and a Buyers Administration Fee of £1,200 + VAT; contracts exchange immediately and completion is required 28 days later. Prospective buyers should review the legal pack and factor additional fees and renovation costs into their offer.
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