Compact terraced home producing immediate rental income for refurb or hold.
Two-bedroom bay-front mid-terrace with period features
Let to a regulated tenant since 1967, sold with tenant in situ
Current rent £392.00 pcm providing immediate income
New combination boiler installed August 2024
Dated kitchen and bathroom, scope for refurbishment and value-add
Small rear yard and paved garden with outbuildings and outside toilet
Subject to Nottingham selective licensing—new owner must apply
Sold by online auction; non-refundable reservation/buyers fee applies
A compact two-bedroom bay-fronted terrace offered with a long-standing regulated tenant in situ, producing £392 pcm. The house retains period character in the bay window and cast-iron fireplace, with two reception rooms and an enclosed rear yard plus small garden. A new combination boiler was fitted in August 2024, reducing immediate heating concerns.
The accommodation is average sized (approximately 867 sq ft) and shows dated kitchen and bathroom fittings, so there's clear scope for cosmetic upgrading or rental uplift. The property sits in an area of deprived terraces close to Bulwell town centre, which supports rental demand but also means rental licensing requirements apply.
Important sale terms: the property will be offered via online auction and a buyers’ reservation fee will apply on a successful bid; post-auction offers may be invited. Any purchaser should factor in the tenant in situ, selective licensing obligations with Nottingham City Council (license non-transferable), and the reservation/auction costs when assessing value.
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