Auction lot: low-entry rental with income, ideal for investor willing to renovate..
Freehold Victorian mid-terrace with bay windows and high ceilings
Let on 12-month AST producing £10,200 pa (commenced 01/04/2024)
Guide price £60,000+ — sold at public auction (no internal viewings)
EPC rating D; double glazing present, insulation status unknown
Requires modernization and likely energy-efficiency upgrades
Located in a very deprived area with high local crime rates
Small plot, average overall size, solid brick walls (no insulation assumed)
Close to South Bank rail station and local amenities
A three-bedroom Victorian mid-terrace offered at auction, presenting clear rental income from an assured shorthold tenancy. The property is freehold, currently producing £10,200 per year and is marketed with a guide price of £60,000+. Sale at auction suits investors or experienced buy-to-let purchasers.
The house retains period character—bay windows, high ceilings and solid brick construction—but requires modernization throughout. The EPC is D; the property has double glazing (unknown installation date), mains gas heating via boiler and radiators, and likely no wall insulation. Internal viewing has not been carried out and the legal pack should be reviewed before bidding.
Location benefits include proximity to local shops, King George’s Square open spaces and South Bank rail station. Nearby schools have Good Ofsted ratings. Buyers should weigh rental income against the neighbourhood context: the area is very deprived with high crime and constrained demographics, which can affect tenant demand and management needs.
This lot is most suitable for investors seeking a low-entry-price rental asset or a renovation project for resale. Expect required works (cosmetic and potential energy-efficiency upgrades); structural concerns are not reported but assumed due diligence is necessary given age and assumed lack of insulation.
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