Auction lot — Victorian fixer with rental potential and far-reaching views..
Auction sale with guide price £9,500 — substantial upside if refurbished
Victorian end-terrace with period features and far-reaching hillside views
Approx 1,159 sq ft; three bedrooms, open-plan living and one bathroom
Sold freehold with vacant possession — ready for immediate refurbishment
Rear garden, outhouse and gated rear vehicular lane access
Area is very deprived; factor tenant risk and resale limitations
Requires full refurbishment — budget for structural, services, and cosmetic works
Anticipated post-refurb rent circa £875 pcm (vendor estimate)
Lot 12 is a Victorian end-of-terrace offered for sale at online auction — priced to reflect a full refurbishment requirement. The house sits on a small plot with front decked garden, rear garden and gated access to a rear vehicular lane. It is freehold and will be sold with vacant possession, attractive to buyers who can undertake works quickly.
At about 1,159 sq ft the property offers three bedrooms, an open-plan lounge/dining area, kitchen/breakfast/family room and a single bathroom (described as en-suite). The home retains period character such as bay windows, stained glass in the hallway and a stone façade, but requires renovation throughout before modern living standards are met.
For investors the auction guide price and the vendor’s rental estimate (circa £875 pcm once refurbished) set clear upside if refurbishment costs are controlled. Good commuter links (rail and A4058), excellent mobile signal and fast broadband support rental demand. Buyers should factor in the area’s high deprivation level and average local crime statistics when assessing rental yields and tenant risk.
This property suits an experienced investor or a buyer seeking a renovation project with strong scope to add value through refurbishment. Major works, ongoing maintenance and market challenges in the area are the main drawbacks; allow realistic budgets and timescales for works and letting.