Ready-income two-bedroom property with refurbishment potential near local amenities.
2 bedrooms with through lounge/dining room and first-floor bathroom
Currently let at £625 pcm (£7,500 pa) — c.8.3% gross yield
Sold at online auction; 10% deposit and buyer fees apply on sale
Auctioneer has not internally inspected — sold as seen
Off-street parking to the front; small rear yard
Some areas dated and needing updating/maintenance (utility and exterior)
Freehold tenure; very cheap council tax band noted
Located in a very deprived urban area — consider tenant demand risks
Offered for sale at online auction, this two-bedroom mid-terrace presents a straightforward rental investment in Stoke-on-Trent. The property is currently let at £625 pcm (£7,500 pa), producing an approximate 8.3% gross yield based on the guide price. Accommodation includes a through lounge/dining room, kitchen, two first-floor bedrooms and a bathroom, with off-street parking to the front and a small rear yard.
The house is freehold but will be sold unconditionally at auction; the auctioneer has not internally inspected. Bidders should note standard auction terms apply: 10% deposit (minimum £5,000), buyers’ administration fee (£1,200 + VAT) and a 28-day completion requirement. The legal pack should be reviewed before bidding for full title and obligation details.
Practical considerations: parts of the property are dated and will need updating (utility and exterior maintenance visible), and the vendor’s description suggests no recent internal inspection. The location is urban with local amenities, good broadband and transport links; the wider area has pockets of deprivation and an average crime profile. This is best suited to investors seeking immediate rental income and medium-term refurbishment potential.
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