Low-price auction lot for hands-on investors seeking rental uplift.
Freehold Victorian mid-terrace with bay front and high ceilings
Offered for auction with vacant possession, this two-bedroom Victorian mid-terrace is a straightforward value-add for an investor prepared to renovate. The property is freehold, double-glazed and heated by a mains-gas boiler and radiators; nearby rental evidence suggests achievable rents up to around £900 pcm, supporting strong yield potential from the low guide price.
The house has traditional bay-front character and high ceilings but requires modernisation throughout. Reported issues include dated décor, visible damp/mould in places, and the solid brick walls which appear to lack insulation; expect refurbishment works to bring the property to modern standards and to improve the EPC from its current D rating.
Practical positives include a small enclosed rear garden, pedestrian access, and excellent mobile and fast broadband availability. The property sits close to local amenities, schools and transport links, and will suit investors targeting the local rental market in a high-demand area. Note the property sits in a very deprived neighbourhood with high local crime statistics — this will influence tenant profiling and lettings strategy.
Bidders should factor in the auction administration fee of £3,600 (inc. VAT) payable on exchange and check the legal pack for any disbursements or title matters. Services and fixtures have not been tested; a pre-purchase survey is recommended to scope remedial and modernisation costs accurately.
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