High-yield inner-city block with redevelopment potential.
Freehold two-storey block arranged as 2 x 1-bed flats
Potential rental income circa £22,800 pa when fully let
Full planning consent for demolition to a 6-bed HMO (App 25/12083/F)
Ground floor let at approx. £950 pcm; first floor currently vacant
Small rear enclosed courtyard; narrow, deep urban footprint
Property requires refurbishment; interiors appear dated
Very high local crime and very deprived area — manage tenant risk
Auction sale: buyer’s premium and 8-week completion from exchange
A compact freehold block arranged as two self-contained 1-bedroom flats on Easton Road, offered for sale by online auction. The ground floor flat is let producing approx. £950 pcm and the first floor flat is vacant, with a stated potential combined rental income of circa £22,800 per annum once both units are let. The building is mid-terrace, inner-city, and has a small enclosed rear courtyard. EPC ratings are C (ground) and D (first). Sale is subject to an auction buyer’s premium and an 8-week completion timeframe.
The site is also offered with full planning consent (Application No. 25/12083/F) for demolition and replacement with a three-storey, six-bedroom HMO, which may suit investors seeking higher-yield redevelopment potential. The planning consent materially increases options: retain the two flats for immediate income or pursue redevelopment to increase long-term value and capacity.
Buyers should note material drawbacks plainly: the property and interiors appear dated and in need of refurbishment to maximise rental value; the surrounding area is recorded as very deprived with very high local crime levels; and the lot is small with a narrow, deep footprint typical of inner-city terraces. The auction sale requires preliminary deposit and a buyer’s premium, and the existing ground-floor tenancy will be transferred with the freehold sale. This is a clear, high-yield opportunity for experienced buy-to-let investors or developers willing to manage refurbishment or redevelopment risk.
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