Summary - King Street, Worksop S80 1EP
2 bed 1 bath Terraced
Auction sale with tenant in situ, immediate rental income potential.
Victorian end-terrace with period features and bay window
A traditional Victorian end-terrace offered to investors with a tenant in situ, currently let at £500pcm. The property has two reception rooms, two double bedrooms, a fitted bathroom and a ground-floor WC, set over approximately 818 sq ft. It is being sold at auction with a starting bid of £70,000 and immediate exchange options available.
The house has period character, solid brick construction and a low-maintenance enclosed yard with gated side access. Gas central heating and UPVC double glazing are fitted; ceiling heights and a bay window add typical Victorian character. On-street residential permit parking serves the street.
Important considerations: the property sits in a deprived area with very high local crime levels and a medium flood risk. Walls are solid brick with no assumed insulation and some renovation or upgrading may be needed to improve thermal efficiency. The lot is sold via auction terms that include a non-refundable deposit and a reservation fee — buyers should review the legal pack and budget for these costs.
For an investor this presents an immediate rental income and refurbishment upside: at the current rent the property produces a clear income stream while refurbishment or insulation works could increase capital and rental value. Views on risk should factor in local area deprivation, crime and flood risk when assessing long-term prospects.
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