Summary - 16 Owen Road LA1 2AR
3 bed 3 bath End of Terrace
Spacious investment opportunity near Skerton Bridge for renovation-minded buyers.
Extremely large Victorian end-terrace with high ceilings and cellar
Currently arranged as two separate flats, ground and first floor
Potential to reconfigure for more letting rooms, subject to planning
Requires modernization; dated exterior and potential damp issues
Stone walls likely uninsulated — heating costs may be higher
Sold at auction; completion within 56 days, cash buyers preferred
Buyer pays non-refundable reservation fee and buyer information pack
Area shows high crime and very deprived local socio-economic profile
A large Victorian end-terrace offering substantial floor space currently arranged as two self-contained flats. The property sits just off Skerton Bridge, with high ceilings, a cellar and off-street driveway access. It presents clear rental and reconfiguration potential for additional letting rooms, subject to any necessary planning permission.
The accommodation requires modernization throughout: dated exterior, possible damp in places and assumed uninsulated stone walls. The flats already include modern kitchen fittings and multiple bathrooms, but parts of the building (including an unused en suite) need attention. Buyers should factor repair and refurbishment costs into their purchase plan.
This lot is for sale by auction and is best suited to cash buyers or investors able to move quickly. The sale proceeds via the Modern Method of Auction — completion within a 56-day reservation period — and the buyer will pay a non-refundable reservation fee and a separate buyer information pack fee. Consider lender advice carefully before bidding.
Location benefits include excellent mobile signal, fast broadband and proximity to schools, transport links and city amenities. The surrounding area is economically challenged and records higher local crime rates; these factors will affect rental demand and tenant profiles.
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