Low entry cost and rental upside for cash buyers prepared to renovate and manage.
- Two bedrooms, entrance hall, living room, dining room, kitchen, bathroom
- Sold at online auction; guide price £10,000, register to bid
- Requires full renovation: damp, plaster damage, general neglect
- Solid brick walls likely without insulation; heating via gas boiler
- Rear yard; on-street parking only, small plot
- EPC C and double glazing fitted post-2002
- High local crime and very deprived area; tenancy demand risk
- Administration fee £3,600 payable on exchange of contracts
Offered for sale by online auction, this two-bedroom mid-terrace presents clear upside for a hands-on investor or cash buyer. The house is vacant and requires comprehensive renovation: visible damp, plaster damage and general neglect throughout mean immediate works are needed to make the property habitable and lettable. Legal pack and auction conditions should be reviewed before bidding.
Built c.1930–1949 on a small plot, the property has conventional gas central heating, double glazing installed post-2002 and an EPC of C. Solid brick walls are likely uninsulated, so upgrading insulation and services will be sensible when refurbishing. On-street parking only; rear yard provides limited outdoor space.
At the guide price this represents strong headline potential: an achievable rental estimate of around £650pcm (£7,800pa) is indicated once refurbished. Note important costs: an administration fee of £3,600 (inc. VAT) is payable on exchange and any disbursements listed in the legal pack. The surrounding area is very deprived with high crime levels, which will affect tenant demand and valuation risk.
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