Low-cost buy-to-let with overhaul potential near Sutton town centre.
Tenant in situ — immediate rental income possible
Full-length cellar offering storage or conversion potential
Two bedrooms plus sizeable attic room for extra space
Requires renovation; likely uninsulated solid walls and cosmetic works
Located within walking distance of town centre and good transport links
Small enclosed garden; double glazing fitted (install date unknown)
Area shows high crime and very deprived socioeconomic indicators
To be sold at auction via secure online bidding; terms apply
This two-bedroom mid-terraced Victorian house in Sutton-in-Ashfield is offered with a tenant in situ, presenting immediate rental income potential. Priced for auction at £70,000 and sold via secure online bidding, the property suits investors seeking a low-entry purchase with scope for value-add refurbishment.
The layout includes two reception rooms, a rear kitchen, first-floor bathroom, two bedrooms plus a large attic room, and a full-length cellar providing substantial storage or conversion potential. The small enclosed garden and double glazing are practical extras; broadband and mobile signals are strong and transport links are excellent.
The house requires renovation and cosmetic improvement throughout; walls are likely uninsulated and some internal wear or damp should be expected. The local area records high crime and very deprived indicators, which will affect tenant profile and rental levels. Buyers should factor renovation costs, auction terms, and the existing tenancy when assessing yield and exit strategy.
Council Tax Band A and freehold tenure keep running costs low. Proximity to the town centre, good local amenities and several ‘Good’ primary and secondary schools mean the property retains broad rental appeal once improved.