Summary - 27, WOOLACOMBE LODGE ROAD B29 6PZ
3 bed 1 bath Semi-Detached
Auction lot with refurbishment and development potential for cash buyers.
Vacant three-bedroom semi-detached house, auction sale
A vacant, three-bedroom semi-detached home offered at auction with clear scope for an investor or experienced renovator. The guide price of £18,000 reflects the significant work required and the short lease term; the property is sold subject to the usual auction conditions and associated buyer fees.
The house requires full refurbishment: internal repairs, modern heating installation (currently electric room heaters), and likely insulation work (cavity walls assumed uninsulated). There is development potential, but any change of use or extension would be subject to obtaining planning consents which are not guaranteed.
Key practical points are straightforward: vacant possession on completion, a garden and driveway with garage, EPC rating D, excellent mobile signal and fast broadband. However, only around nine years remain on the lease, which will almost certainly prevent most mortgage lending and limits mainstream resale options without extending the lease first.
This lot suits a cash buyer, buy-to-let investor able to manage short leases, or a developer prepared to tackle planning and refurbishment. The local area is an inner-city, culturally mixed neighbourhood with good transport links and nearby schools, but it sits in a very deprived area which should be considered when assessing rental demand and future capital growth.
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