Low-entry let property with immediate income and scope for refurbishment near schools and transport.
Freehold end-terrace with three bedrooms
Current gross income £6,600 pa (tenant holding over)
Sold at public auction—exchange on fall of hammer
External viewings only; no internal inspection available
Small plot with driveway, foregarden and rear garden
Energy Performance Rating C; double glazing present (date unknown)
Area deprivation and above-average local crime rates
Possible unknown repair or compliance costs; check legal pack and tenancy
A low-entry freehold investment in Willenhall offering immediate rental income and straightforward asset management. The property is a three-bedroom end-terrace with off-street parking, small garden and an Energy Performance rating of C. It is sold at public auction with a current gross income of £6,600 pa (holding over).
The lot is being sold subject to the existing assured shorthold tenancy and will exchange on the fall of the auctioneer’s hammer. External viewings only have been permitted and internal accommodation details and tenancy paperwork were not available to the auctioneers at time of print, so buyers should allow for unknown repair or compliance costs and factor in the inability to inspect internally beforehand.
Constructed mid-20th century, the house has double glazing (unknown install date), mains gas and room heaters. The area is described as deprived with above-average crime rates; nearby schools and local transport links are present, and the property sits behind a driveway and foregarden. The sale attracts an administration fee and other auction purchase costs which should be checked in the legal pack.
For an investor comfortable buying at auction, this property offers immediate yield at a low guide price and potential uplift through refurbishment or re-letting. For risk-averse buyers, the tenancy, limited access, and unknown internal condition mean thorough pre-auction due diligence is essential.
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