Ready-let property delivering immediate rental income for buy-to-let buyers.
Freehold two-bedroom back-to-back terrace
A compact two-bedroom back-to-back terrace refurbished throughout and offered freehold at auction. Recent works include a new roof, new electrics, new triple glazing, installed central heating, and a fitted kitchen and bathroom — making the property move-in ready for tenants.
Currently let at £700 pcm (providing a circa 13% gross yield at the guide price), this small footprint home suits buy-to-let investors seeking immediate rental income with minimal initial works. Accommodation is simple: open-plan lounge/kitchen, cellar, two bedrooms and a first-floor bathroom.
Be clear about the limitations: the house is a back-to-back Victorian terrace with a very small plot and no rear garden, located in a high-crime, very deprived neighbourhood. It will be sold at auction and is occupied, so purchasers should allow for auction timescales and tenancy considerations.
EPC rating C and council tax band A help running costs, and the freehold tenure removes leasehold complexities. This is a practical, income-focused purchase: low purchase price and recent upgrades reduce immediate capital expenditure but the location and compact size limit long-term capital-growth prospects.