Large plot and income potential for experienced investors and developers.
Ground-floor shop let at £280 pcm on a 5-year lease
Large four-bedroom house above sold with vacant possession
Requires full renovation; broken windows and neglected exterior
Gas central heating present but not tested; budget for services work
Big rear garden and detached outbuildings with development potential
Off-street parking; large overall plot
Located in a very deprived area — affects rental/resale values
Sold at online auction; buy with usual auction risks
This large Victorian mid-terrace presents a clear refurbishment and income opportunity in a small town setting. The ground-floor shop is currently let on a five-year lease, providing immediate rental income while the four-bedroom house above is offered with vacant possession. The property includes off-street parking, a substantial rear garden and detached outbuildings suitable for workshops, storage or conversion (subject to consents).
The main house requires renovation throughout: broken windows and a neglected exterior indicate ongoing maintenance work, and internal accommodation needs updating. Services include gas central heating (not tested) and UPVC double glazing, but buyers should budget for a full program of repair and modernization. The single bathroom and a wet room downstairs mean limited bathroom provision until upgraded.
This lot will appeal to investors and developer-buyers able to work on a sizable project and navigate an auction purchase. The site’s large plot and outbuildings offer potential for conversion or extension (planning dependent). Note the area is classified as very deprived, which affects likely rental values and resale comparables; the shop rent is modest at £280 pcm.
Buyers should be aware this property is sold at online auction, sold freehold and offered as a mixed-use lot with structural and cosmetic defects. Professional surveys and verification of tenancy and services are strongly recommended prior to bidding.
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