Freehold two-bed terrace near university — auction lot for refurbishment investors..
- Freehold 2-bedroom terrace close to university and amenities
- Quoted potential rent circa £575 pcm for student letting
- Sold at online auction; 5% deposit and buyer's premium apply
- Garden small and currently unkempt; requires maintenance
- Property described as derelict/fixture-up — renovation needed
- Area: deprived, cosmopolitan student neighbourhood; average crime
- Fast broadband and low flood risk
- Council tax very cheap
A compact two-bedroom through-terrace offered freehold and sold at online auction — aimed squarely at investors or landlords targeting the nearby university market. The property includes a fitted kitchen with utilities and a ground-floor bathroom, and is quoted with potential rental income of around £575 pcm. Broadband speeds are fast and flood risk is low.
The house is described as a fixer-upper: the small garden and exterior are unkempt and will need work, and internal rooms are small to medium. The property sits in a deprived, cosmopolitan student neighbourhood close to shops, cafes and university facilities, which supports strong let demand but also reflects higher local turnover and average crime levels.
This lot is sold under unconditional auction terms. Buyers must pay a 5% deposit on the fall of the hammer plus a buyer’s premium (5% + VAT, minimum £5,000 + VAT) and complete within 28 days. Inspect the legal pack carefully for special conditions and additional costs before bidding. The seller may consider pre-auction offers, but auction conditions (including premiums and deposit) will still apply.
For an investor prepared for refurbishment, this property offers low entry cost, freehold tenure and immediate rental potential. For anyone requiring a finished, low-maintenance home, expect renovation work and ongoing investment to bring the property up to modern standards.
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