Let property with immediate rental income; auction sale—sold subject to tenancy..
Three-bedroom Victorian mid-terrace with bay front and two receptions
A three-bedroom Victorian mid-terrace in Blackburn offered at auction, currently let and producing £6,300 per year. The property is bay-fronted with two reception rooms, gas central heating and an EPC C — practical features that suit straightforward rental use or a basic refurbishment. A small front and rear garden and an additional parcel of land facing the property add outdoor space in a compact plot.
This lot is sold subject to tenancy and will be offered in an unconditional auction sale. The current income of £6,300 pa against the guide price of £50,000 gives a gross yield of approximately 12.6% before costs — an immediate cashflow opportunity for a buyer comfortable with tenancy and auction purchase mechanics. Bids must allow for the auction requirements (5% deposit, minimum £5,000, plus a buyers fee of 4.8% min £6,000 inc. VAT).
Buyers should note the location context: the property sits in a very deprived area with above-average crime and basic local amenities. The house is of an early 20th-century build with cavity walls presumed uninsulated, standard ceiling heights and small to medium rooms — it will suit hands-on investors, landlords or buyers planning modest renovation rather than those seeking a high-spec, low-maintenance home.
Legal and practical due diligence is essential: the sale is binding at auction, the property is sold subject to tenancy, and there may be additional fees or conditions in the legal pack. Tenanted status, local area challenges and likely fabric upgrades (insulation, possible modernisation) are the main considerations for viewing and bidding.
