Freehold Victorian terrace in Long Eaton — three flats, tenants in situ, auction sale..
Freehold three-flat terrace generating ~£15,000 pa
A substantial Victorian mid-terrace converted into three flats, offered freehold and producing approximately £15,000 per annum. The building sits within walking distance of Long Eaton town centre and benefits from excellent transport links to Nottingham, Derby and East Midlands Airport — clear rental demand drivers for an investor.
The property is sold at auction with tenants in situ and no onward chain, so completion will be binding on sale. Flats are classed as HMO-standard with hard-wired detectors and fire doors, but the owner must maintain periodic safety inspections, gas/electrical certificates and fire system checks.
Accommodation requires general maintenance and some dated fittings (bathrooms, electric heating throughout). On-street permit parking applies and tenants are responsible for permits. The area has higher crime statistics and local deprivation indicators, which may affect yields and tenant profiles; however, rents are currently below market with scope to increase after refurbishment.
This lot suits a hands-on investor able to manage tenancy compliance, arrange periodic HMO checks and undertake targeted cosmetic upgrades to improve rents and capital value. Bidders should review the legal pack and allowance for auction fees and deposits before bidding.
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