Low‑cost auction buy for investors prepared to renovate and manage local challenges..
Vacant freehold mid-terrace with small rear garden
Two bedrooms, two receptions, kitchen, utility — 448 sq ft (approx)
Double glazing and gas central heating; EPC rating C
Built pre‑1900 with solid brick and external insulation
Sold at auction — immediate exchange; administration fee applies
Property is neglected externally; internal refurbishment likely required
Located in a very deprived area with high crime — affects demand
Small plot and overall property size limit extension potential
A vacant two-bedroom mid-terrace offered for sale by public auction. Priced attractively at £38,000, the property is a small, early 20th-century house with two reception rooms, kitchen, utility, and a small rear garden. It benefits from gas central heating, double glazing (added post-2002) and an Energy Performance Rating of C.
This is a clear renovation or rental opportunity for an investor or experienced refurbisher. The house has been neglected externally and internal refurbishment will be required to make it habitable or lettable to a standard achieving market rents. There is potential to add value via cosmetic and systems upgrade, but buyers should allow budgets for works.
Material considerations are: the property sits in a very deprived area with high crime levels and limited plot size, which will affect resale or rental yields. The sale is by auction — contracts exchange immediately on the fall of the gavel and an administration fee plus any special-condition costs apply. Viewings are scheduled but attend at your own risk; properties may lack electricity during inspection.
Suitable buyers will be those who understand auction purchase risks and can manage refurbishment in a challenging local market. For the right investor prepared to refurbish and possibly re-let, the low purchase price presents a straightforward entry point.