Freehold Victorian end-terrace converted to three flats — tenants in situ, sold at auction..
Freehold Victorian end-terrace converted into three flats generating ~£15,000pa
A substantial Victorian end-terrace converted into three self-contained flats, offered freehold with tenants in situ — a clear buy-to-let opportunity for investors. The building currently produces approximately £15,000pa and sits within walking distance of Long Eaton town centre and strong transport links to Nottingham, Derby and East Midlands Airport.
Each flat is fitted with electric heating and hard-wired smoke/heat detectors and emergency lighting; the ground-floor flat benefits from garden access. The property is classed as an HMO and requires standard safety documentation and periodic inspections by the local authority rather than an HMO licence. Street parking is by tenant-paid permit.
Important practical points: the sale is by auction (29 October 2025) with an unconditional contract on exchange, a 5% deposit and a non-refundable buyer’s fee. Several flats are occupied so internal access has been limited; some photos and floorplans are representative only. Prospective buyers should study the legal pack and carry out due diligence before bidding.
There is scope to increase rents and therefore yield, but the property sits in a deprived, high-crime local area and parts of the building and bathrooms show signs of wear and basic finishes. Suitable for an investor prepared to manage tenancy, renew certificates and carry out targeted refurbishment to lift rental values.
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