Compact auction lot for hands-on investors seeking renovation potential.
Freehold two-bedroom mid-terrace with small rear patio
This two-bedroom mid-terrace on Rosmead Street is offered via the Modern Method of Auction with no forward chain, making it an attractive short-completion purchase for investors. The property has two reception rooms, a ground-floor bathroom and a small rear patio — a compact urban plot with straightforward layout and rental potential in a private-renting area.
The house requires internal refurbishment: exposed floorboards, dated fixtures and likely need for improved insulation and heating upgrade (current electric storage heaters, solid brick walls). EPC rated D and double glazing are in place, but buyers should allow budget for energy improvements and cosmetic renewal to maximise rental yield or resale value.
Practical positives include freehold tenure, very low council tax (Band A) and reliable connectivity (excellent mobile signal, fast broadband). The location offers frequent bus routes, local shops and nearby schools, supporting lettability. However note higher local crime levels, a very deprived wider area classification and medium flood risk — factors that will influence tenant demand and insurance costs.
Auction specifics are material: the buyer pays a Reservation Fee (4.5% of the price, minimum £6,600) and must complete within the Reservation Period. Interested buyers should review the Buyer Information Pack and check mortgage suitability with their lender before bidding. This is a clear buy-to-let or renovation project for purchasers who can manage uplift and account for auction costs.
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