Summary - 14, LORD STREET FY1 2BD
11 bed 2 bath Terraced
High-yield multi-let opportunity near station, ripe for refurbishment and conversion.
- 11 bedrooms across multiple storeys, high lettable room count
- Seven kitchens; six bedrooms include individual kitchenettes
- Cellar storage and small yard provide useful ancillary space
- Freehold, Victorian end-terrace with period features
- Requires refurbishment; likely no wall insulation, dated interiors
- Sold by auction — reservation fee and buyer pack costs apply
- Very high local crime and very deprived area classification
- Very slow broadband; excellent mobile signal and central location
A substantial town-centre terraced property offering 11 bedrooms and seven kitchens across multiple storeys — an obvious choice for investors, developers or large multi-let schemes. Located on Lord Street close to the train station and central amenities, the property benefits from strong guest or tenant traction and compact external space with cellar storage.
The building is an older Victorian terrace on a solid-brick structure, currently requiring refurbishment and modernisation. Several rooms include their own kitchenette which supports conversion to self-contained units, student lets or short-stay accommodation. Heating is mains gas with boiler and radiators; glazing is double glazed though install dates are unknown and walls likely lack insulation.
Buyers should note material considerations: the sale is by Modern Method of Auction with a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and a buyer information pack fee. The area is classified as very deprived with very high crime levels and very slow broadband — factors that will affect tenant profile and management requirements.
For an investor prepared to refurbish, this freehold offers clear upside from conversion, reconfiguration or refurbishment. With cheap council tax, central transport links and dense local amenities, the property can deliver high-yield rental income or be reworked into multiple flats, subject to planning and remediation costs. Due diligence and on-site inspection are strongly recommended prior to bidding.
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