High-yield rental lot with tenant in situ and quick completion timetable.
2 bedroom Victorian mid-terrace with small rear garden
This brick-built Victorian mid-terrace offers a straightforward rental investment in Stoke-on-Trent with an existing tenancy at £550 pcm (£6,600 pa), giving a 9.4% yield based on the guide price. The property is freehold, has a small rear garden and sits close to local shops, schools and transport links—practical features for keeping voids low and demand steady.
The house is sold by online auction with a legal completion timetable and buyer fees: a 10% deposit (minimum £5,000), a buyers’ administration fee (£1,200 + VAT) and a requirement to complete within 28 days. The lot is sold as an unconditional auction lot; the auctioneer has not internally inspected the property and the sale will be subject to the legal pack. Buyers should review those documents before bidding.
Internally the rooms are small and the property will suit investors prepared to carry out cosmetic updating or more substantial refurbishment. The area is classified as deprived with above-average crime figures, so consider management costs and tenant mix when assessing long-term holding prospects. On the positive side the location benefits from excellent mobile signal and fast broadband, plus several nearby schools rated Good, which supports rental appeal to families and working tenants.
This is a clear, no-frills investment: established income, freehold title and refurbishment potential, sold at auction with associated costs and timescales. Suitable for investors seeking an entry-level buy-to-let requiring hands-on management or a light refurbishment programme.
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