Low-entry auction buy with rental income and refurbishment upside for investors..
- Two bedroom Victorian end-terrace, approx. 894 sq ft
- Currently tenanted; sold with tenant in situ
- Leasehold; sold via online auction, 28-day completion
- Buyers' premium £5,000 (inc VAT) payable in addition
- Very high local crime and very deprived area
- Double glazing fitted post-2002; mains gas heating
- Stone walls likely uninsulated; requires maintenance/refurb
- EPC rating E; no internal inspections available
A two-bedroom Victorian end-terrace offering immediate rental income and clear refurbishment upside. Sold with a sitting tenant and auction terms, this property suits investors seeking a quick purchase with value-add potential. The stone façade, period features and corner position provide curb appeal and natural light to the living areas.
Constructed before 1900, the house has double glazing installed after 2002 and gas central heating via boiler and radiators. The accommodation extends to about 894 sq ft and sits in a densely populated urban area with fast broadband — useful for letting demand. Local primary schools include an Outstanding-rated option nearby, which supports family tenancy appeal.
Buyers should note material negatives: the property is leasehold, will be sold at online auction with an additional buyers' premium of £5,000 (inc VAT), and completion is required within 28 days. Internal inspections are not available and the reserve price is unpublished. The area records very high crime levels and is very deprived, and the building’s original sandstone/limestone walls are assumed uninsulated, so further investment in thermal improvements may be required. EPC is rated E.
For investors comfortable buying at auction and managing refurbishment or tenant relations, this offers a low-entry-price, city-centre holding with scope to increase value through targeted works and active management.