Summary - Clay Road, Caister-on-sea NR30 5HB
3 bed 1 bath End of Terrace
Budget buy-to-let in village location with immediate rental income potential.
Auction sale with guide price £70,000–£90,000
This three‑bed end‑terrace in Caister-on-Sea is offered for sale by auction with a guide price of £70,000–£90,000 and is presented as a landlord purchase opportunity. The house currently produces £470 pcm in rent, giving an approximate gross yield of about 6.3%–8.1% depending on final sale price. The property sits on a small plot with enclosed front and rear gardens and is a compact layout of around 583 sq ft — suitable for a buy-to-let or a small-scale refurbishment.
The accommodation includes a sitting room with period fireplace, kitchen, laundry room and a ground-floor shower room; three modest first-floor bedrooms complete the layout. The listing states gas-fired central heating and a wall-mounted boiler in the shower room, while separate records note electric storage heaters — purchasers should verify the heating arrangement and services before bidding. Windows are double glazed, but the installation date is unknown.
Construction predates 1900 with solid brick walls (no confirmed insulation), so thermal improvements and an energy upgrade could be needed. The house is in a very deprived area where crime is average; that, combined with the property’s size and likely maintenance needs, will influence tenant demand and investment strategy. Viewings are by appointment and the sale will complete at auction on 22nd October 2025.
This is a straightforward, compact rental asset for an investor who accepts an auction sale and potential refurbishment costs. Important positives are location within the village, active rental income, low-maintenance gardens and fast broadband. Key risks: clarification required on heating, likely insulation/upgrading work, and the need for a full survey prior to purchase.
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