Auction sale with immediate income and renovation potential.
Sold with tenant in situ generating £8,400 pa
This three-bedroom semi-detached house in Crewe is offered as an investment opportunity, sold with a tenant in situ and producing £8,400 per year. With a freehold title and garage, it provides immediate rental income and practical parking for tenants.
The property dates from the interwar period and offers 1,082 sq ft with a decent plot and garden. Internally there is clear potential but some rooms require work — the living room shows unfinished block walls and other areas will need updating. The solid brick walls likely lack cavity insulation and further thermal improvements may be needed.
Buyers should note the sale is via Secure Sale online bidding and the property will be sold at auction. The location is in a very deprived area which can depress capital values but supports rental demand; local schools and transport links are nearby, and broadband and mobile signal are strong.
For investors this represents immediate cash flow (around a 6.7% gross yield) and scope to add value through renovation and insulation upgrades. For buyers seeking a ready-to-move-in home, the property will require some refurbishment before modern comfort standards are met.