Low-entry auction lot for hands-on investors near key transport routes.
Freehold mid-terrace with Edwardian bay frontage
A two-bedroom mid-terrace in North Ormesby offered for sale as an auction renovation project. The Edwardian-style frontage and large front reception room give the house solid rental or resale appeal once refurbished, while the compact kitchen and downstairs bathroom complete a simple, practical layout. The property is freehold and sits on a very small plot with an enclosed rear yard and on-street parking.
This is a clear value play for an investor or experienced DIY buyer. The house requires comprehensive refurbishment: worn floors, dated kitchen and bathroom fittings, likely plaster or damp repairs, and no loft or wall insulation assumed. Heating is gas boiler and radiators; services are untested and a survey is advised before purchase.
Buyers should be aware of material market and site issues: the immediate area is very deprived with very high recorded crime, and the property will be sold at auction with a contract documentation fee of £1,500 (inclusive of VAT) payable by the buyer and possible additional completion fees. These factors affect exit strategy, lettability and financing options but are already reflected in the low guide price.
For the right buyer this is a low-entry, high-upside opportunity: renovate and let to local tenants or carry out a sympathetic modernisation for resale. Factor in remedial works, safety checks and auction fees when calculating total project cost and expected returns.
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