Auction lot with immediate rental income and refurbishment potential.
Long-standing tenant in place generating £7,447.68 pa income
This lot is offered as a freehold residential investment presented for sale by public auction. The property is currently let to a long-standing tenant (10 years) on an Assured Shorthold Tenancy producing £7,447.68 per year, providing immediate rental income for an investor. It benefits from gas central heating, double glazing, front and rear gardens and a driveway for off-street parking.
The house will be sold at auction (virtual live stream) with a guide price from £80,000+. The building has an EPC rating of C and very low council tax banding, which supports affordability for tenants or future owner-occupiers. Broadband speeds and mobile signal in the area are reported as fast and excellent respectively.
Buyers should note clear location and condition considerations. The area is classified as very deprived with above-average crime rates and a predominance of hard-pressed rented terraces; these factors affect lettability and capital growth. Listing information contains inconsistencies about the number of bedrooms and building form — prospective bidders should verify the internal layout and title details before bidding.
There is scope to increase rental income to market levels, subject to any required consents and investment. The property may suit a buy-to-let investor seeking immediate yield and medium-term uplift through targeted refurbishment, but it is not without management and location-related risks.
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