Summary - 40 HARROW STREET WOLVERHAMPTON WV1 4PD
3 bed 1 bath Terraced
Let property with immediate rental income and clear refurbishment potential.
Freehold mid-terraced Victorian house, three bedrooms, approx. 894 sq ft
Let on Assured Shorthold Tenancy — current rent £675 pcm (£8,100 pa)
For sale by public auction; unconditional exchange on fall of hammer
EPC rating C; double glazing present, install dates unknown
Solid brick walls likely without insulation — may need thermal upgrades
Small rear garden; property set behind a foregarden
Area has very high deprivation and above-average local crime rates
Buyers must allow for auction admin fee and check legal pack
A three-bedroom mid-terraced Victorian property offered freehold and sold at public auction with an existing assured shorthold tenancy in place. The house currently produces a gross rental income of £8,100 per annum and has an Energy Performance Certificate rating of C. Accommodation includes two reception rooms, a kitchen, bathroom, three first-floor bedrooms and a small rear garden. Total internal area approximately 894 sq ft.
The property is constructed of solid brick (circa 1900–1929) and has double glazing of unknown installation date. There is no confirmed cavity or wall insulation, so buyers should allow for potential thermal upgrades. The location is in a major conurbation with very high area deprivation and above-average local crime rates — factors that will influence rental demand and resale values.
This lot will be sold at auction; bidders must read the legal pack, note the mandatory administration fee payable on completion and accept unconditional exchange on the fall of the hammer. External viewings only; electricity may not be available during inspections. Buyers should carry out their own surveys and tenancy checks before bidding.
For an investor with a refurbishment budget, the house offers straightforward scope to increase rental income through modernisation and energy improvements. Conversely, purchasers seeking a low-risk, cash-freehold home should factor in tenancy, auction sale mechanics and the surrounding area's social and economic challenges.
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