Investment property with tenant and garage, sold at online auction.
Two-bedroom Victorian mid-terrace, freehold
A compact two-bedroom Victorian mid-terrace offered freehold with a long-term tenant in situ — sold via online auction with fees payable. The property currently produces £550pcm, giving an approximate gross yield of around 11% at the guide price of £58,000, making it attractive to buy‑to‑let investors seeking immediate income.
The house retains period brick construction with internal insulation and older double glazing. Accommodation is traditional and compact: living room and kitchen on the ground floor, two bedrooms and a bathroom above. Externally there is a small enclosed courtyard and a garage at the rear, useful for storage or rental income enhancement.
Material points to note: the property requires some maintenance — the roof and general external fabric show age — and it sits in an area with higher crime rates and significant social and economic deprivation. It will be sold with a sitting tenant, so vacant possession is not guaranteed and any purchaser should factor tenancy terms into their plans.
This is a clear hands-off income opportunity for investors or a renovation project for someone prepared to manage tenant arrangements and carry out improvement works. Council Tax Band A keeps running costs low, and nearby schools and basic amenities are within reach, but the property's investment case depends on accepting its location and refurbishment needs.
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