**Standout Features:**
- **Property Type:** 3-bedroom mid-terrace house
- **Size:** 711 sq ft
- **Price:** £32,000
- **Rental Income:** Currently tenanted at £500/month
- **Auction Sale:** Modern Method of auction with 56-day reservation
- **Council Tax:** Very affordable
- **Condition:** Renovation opportunity, solid brick walls; potential insulation concerns
**Summary:**
This Victorian terraced house presents a fantastic investment opportunity in an urban setting, with a competitive price of £32,000. Spanning 711 square feet, the property features three modest bedrooms and essential living spaces including a living room, dining room, and kitchen, making it ideal for both families and investors. With the current tenant paying £500 per month, you can generate immediate rental income from day one.
While the property requires renovation—offering you a canvas to personalize and improve—it also comes with high crime rates in the area, which potential buyers should consider. Notably, the solid brick walls lack insulation, indicating potential maintenance challenges. Though the location is classified as deprived, it is surrounded by essential amenities such as local shops, bars, and schools, including several with good Ofsted ratings, enhancing its appeal for families.
Seize this chance to invest in a property with significant future potential, but act quickly; opportunities like this at such a low entry price seldom last long!