Immediate rental income with clear refurbishment potential for investors.
Freehold two-bedroom Victorian terraced house, approx. 624 sq ft
A compact two-bedroom Victorian terrace on Muriel Street offered with long-term tenants in place — an immediate income asset for investors. The property currently produces a gross annual rent of £9,540 and is sold freehold, presenting a straightforward buy-to-let acquisition with room for rental or capital uplift through refurbishment.
Externally the red-brick terrace is sound but dated; expect small rooms, modest ceiling heights and a small rear garden. The interior will require cleaning and modernisation in places — images and descriptions indicate cluttered/neglected rooms and mid-century finishes that will benefit from updating to achieve higher rents or resale value.
Location advantages include close proximity to local amenities and transport links in Bulwell (NG6), plus excellent mobile signal and fast broadband. Material local factors to note: the area is classified as very deprived with very high crime and a medium flooding risk, which will influence tenant demand, insurance and financing options.
This is aimed at investors or developers seeking a low-entry-priced terrace with immediate rental income and scope for value-add refurbishment. Buyers should allow for refurbishment costs, check the let pack and tenancy terms, and carry out a full inspection and local due-diligence given the neighbourhood profile.
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