Ready-made let investment with rental uplift potential; sold at auction, buyer to verify condition..
- Currently let producing £6,000 per year
- Scope to increase rent to approx. £7,200 per year
- Freehold Victorian mid-terrace with enclosed rear garden
- Very small plot; average-sized property (775 sq ft)
- Area: very deprived with high local crime levels
- Sold at auction; £2,400 admin fee payable on exchange
- Solid brick walls assumed uninsulated; likely upgrade required
- Heating/fuel details inconsistent; verify existing system
A compact two-bedroom mid-terrace offered freehold at auction — marketed as a ready-made, let investment currently producing £6,000 per year. The brick Victorian façade and double glazing give period character and basic weatherproofing; an EPC rating of D is recorded. The house includes a lounge, dining kitchen, two first-floor bedrooms, bathroom and an enclosed rear garden on a very small plot.
This is a purposefully straightforward buy-for-income opportunity in a South Yorkshire market town. The property is let to a long-standing tenant, with the vendor suggesting local market rents could lift income to about £7,200 per year. The sale will be by auction (admin fee £2,400 inc VAT payable on exchange) — suitable for experienced investors comfortable with auction timelines and checking legal packs and disbursements.
Buyers should note material negatives plainly: the area is classified as very deprived with high local crime and constrained renter demographics; services nearby are basic. Building fabric appears to be solid brick with assumed no wall insulation. Heating/fuel descriptions are inconsistent in the marketing: records here list room heaters and smokeless coal as main heating/fuel, while the auction text also references modern gas heating — this should be verified in the legal pack and at survey. The property will likely need some investment to modernise and improve energy performance and tenant appeal.