Summary - 3, CHEVIOT PLACE SR8 2PF
3 bed 1 bath Terraced
Low-price auction opportunity for renovators and investors.
Three bedrooms plus large 21-foot living/dining room
Offered for sale via auction with no onward chain, this three-bedroom mid-terraced house in Cheviot Place is a straightforward refurbishment project with clear investment potential. The property has a large 21-foot living/dining room, rear paved garden with open field views, and off-street parking — practical features that appeal to tenants or a family after renovation. Heating is via mains gas boiler and radiators; double glazing was installed after 2002.
The house requires updating throughout: cosmetic and likely mechanical works are needed, cavity walls appear uninsulated (as built), and the home is presented as a fixer-upper. The sale is via the Modern Method of Auction — buyers should note the non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and a buyer information pack fee (£349) payable on winning the lot. Inspect with your lender if planning mortgage finance.
Location strengths include nearby schools (several rated Good), local amenities, good mobile signal and fast broadband; transport links and local green space are close by. Be candid about the area's challenges: the local area classification is listed as 'challenged white communities', the wider area as 'deprived blue-collar terraces', and crime is above average. These factors affect lettability and resale pricing but are reflected in the low guide price and potential yield after renovation.
This property suits investors or experienced DIY buyers who can manage refurbishment and navigate auction purchase requirements. It presents a low-entry opportunity to create value through targeted improvement and a clear refurbishment plan.
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