Turnkey three-bed income property ideal for investors seeking immediate returns.
Fully let investment producing £18,000 per annum
Three bedrooms, each with en suite shower room
Recently refurbished; new windows and refitted kitchen
Freehold tenure with immediate exchange possible
Sold via online auction; conditional/traditional sale terms apply
Electric heating and room heaters; no gas central heating
Solid brick walls likely without cavity insulation
Located in very deprived area with high local crime rates
A compact three-bedroom property presented as a ready-made investment with immediate exchange possible and online auction sale. Recently renovated throughout, it currently produces a confirmed rental income of £18,000 per year and is offered freehold — suitable for buyers seeking an HMO or buy-to-let acquisition with immediate returns.
The layout includes an open-plan lounge/kitchen and three bedrooms, each with an en suite — a clear rental-strength. Upgrades include new double-glazed windows, a refitted kitchen, and new electric boiler/central heating; the house is fitted with contemporary finishes and is ready for continued letting.
Buyers should note material considerations: heating relies on electric room heaters and an electric boiler (no gas), walls are solid brick with assumed no cavity insulation, and the plot is small. The property sits in an area with high crime rates and very high deprivation, which may affect long-term capital growth and tenant profiles.
This lot is sold at online auction under conditional or traditional terms, with viewing strictly by appointment. The sale requires standard identity verification and adherence to auction terms. For investors seeking an immediately income-producing asset with recent refurbishment, this offers straightforward hands-off rental income; for others, factor in local area challenges and heating/insulation limitations.
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