Low-cost freehold investment with refurbishment potential near local amenities.
Tenant in situ paying £500pcm
A compact two-bedroom mid-terrace offered freehold with a tenant in situ currently paying £500pcm. Sold via online auction, the property is aimed at buy-to-let investors or purchasers seeking a low-entry refurbishment project.
Internally the home is modest in size across two storeys with a reception room, kitchen and bathroom, and two bedrooms above. Heating is mains gas via boiler and radiators; windows are double glazed though the installation date is unknown. The council tax band is low (Band A), keeping running costs down.
Outside there are private front and rear gardens, both currently unkempt and needing attention — a straightforward improvement that would enhance letting appeal. The building dates from the early 20th century with cavity-filled walls and presents typical maintenance and modernisation opportunities rather than a turnkey buy.
Considerations for investors: the area is classified as deprived with a higher crime rate and blue-collar terrace stock, which affects tenant profiles and long-term capital growth. Broadband speeds and mobile signal are strong locally, and there are several nearby schools rated Good, plus local amenities within walking distance.
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