Long lease, tenanted buy at auction for hands-on investors.
- Two-bedroom Victorian mid-terrace with 939-year lease remaining
- Sold with tenant in situ; rental income unknown
- No viewings available; sold at auction, buy as seen
- Nominal ground rent (£3pa) and no service charge
- Council Tax Band A (very cheap); EPC rating D
- Area: very deprived; affects lettings and long-term growth
- Solid brick walls with assumed no insulation; may need retrofit
- Appliances/services not tested; expect inspection and repair costs
A two-bedroom Victorian mid-terrace offered at auction with a long lease and tenant in situ. The property is presented without viewings and with limited tenancy information; any purchase will require relying on the legal pack and your own due diligence. Its compact layout and period brick façade give straightforward rental or refurbishment potential for an investor prepared to manage a tenanted sale.
Practical positives include a 939-year lease, nominal ground rent (£3pa) and no service charge, plus low council tax (Band A). Connectivity is strong with excellent mobile signal and fast broadband, and the home retains traditional features such as solid brick walls and double glazing.
Material cautions: the current rental income is unknown and the tenant has been in situ since around May 2017, holding over. No viewings are permitted and appliances/services have not been tested. The local area scores high on deprivation indices, which may affect capital growth and lettings; buyers should check tenancy status and rent in the legal pack before bidding.
Sold as seen at auction, this lot suits investors seeking a low-entry purchase in Oldham who can accept a tenanted position and limited pre-sale inspection. There is reasonable scope for basic refurbishment to improve rental yield or resale value, but budget for potential repairs, testing, and remedial works where required.
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