Immediate rental income in need of targeted refurbishment and investor expertise.
Long-term tenant in situ paying £700 pcm
Sold at auction — unconditional; 28-day completion typical
Buyer’s premium applies: 5% + VAT (min £5,000+VAT)
Prefabricated / non-traditional construction — specialist survey needed
Freehold terraced house with driveway and rear garden
Three bedrooms, one family bathroom; 884 sq ft total area
Area classified as very deprived; crime above average
Cash buyers / landlords only — mortgage unlikely or limited
This three-bedroom terraced property offers immediate rental income and investment potential in Donnington. Currently let at £700 pcm to a long-term tenant, the house provides predictable cashflow from day one and will be sold at public online auction as an unconditional lot.
The layout is traditional: entrance hall, open-plan lounge/diner, kitchen overlooking the rear garden, three first-floor bedrooms and a family bathroom. Off-street driveway parking, a front and generous rear garden and a decent plot size give scope for sensible improvement or reconfiguration to enhance value and rents.
Important considerations: the building is non-traditional prefabricated construction, which can limit mortgage options and affect insurance; buyers should obtain specialist surveys and lender confirmation. The property is in a very deprived area with above-average crime, so refurbishment should be planned with tenant profile and lettability in mind.
Sale terms are material: this is for landlords and cash buyers only, sold unconditional at auction with an immediate exchange obligation. On fall of the hammer the purchaser pays a deposit and a buyer’s premium (5%+VAT, minimum £5,000+VAT) and must complete typically within 28 days. The property is therefore suited to experienced investors prepared for quick, unencumbered purchase and any required modernization.
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