One-bedroom auction lot with rental income and substantial garden, ideal for renovation buyers.
- Sold by auction, starting bid £42,000
- Long-term sitting tenant paying £450 pcm until 10.02.2026
- One bedroom mid-terraced stone cottage, approx 531 sq ft
- Requires full refurbishment and modernisation throughout
- Large rear garden and rear parking bay included
- Freehold title
- Located in very deprived area with very high crime levels
- Suitable for buy-to-let investors; owner-occupier access limited by tenancy
A compact mid-terraced stone cottage offered via auction with immediate rental income. The property is sold freehold with a long-term sitting tenant paying £450 pcm until 10.02.2026, making this a straightforward income lot for a buy-to-let investor or portfolio acquisitor.
Accommodation is modest — one bedroom, reception room, kitchen, bathroom and a small cellar — across about 531 sq ft. The house requires refurbishment and modernisation throughout: dated fittings, cluttered presentation and a basic kitchen and bathroom offer scope to add value through renovation or reconfiguration.
Outside there is a decent rear garden and a parking bay to the rear, useful assets in this urban setting. The sale is by Modern Method of Auction with a starting bid of £42,000, reflecting the need for investment and the potential upside once improved.
Be candid on location: the property sits in a very deprived area with a very high crime rate, factors that will affect rental demand, resale prospects and financing options. Buyers should allow for repair costs, possible landlord responsibilities and the impact of the sitting tenant on immediate vacant possession.
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