Summary - 20, LORD STREET, MILLOM LA18 4BL
2 bed 1 bath Terraced
Low-price auction lot — ideal for experienced investors or renovators..
Freehold two-bedroom Victorian mid-terrace, 667 sqft
A two-bedroom mid-terrace Victorian house offered with vacant possession and freehold title, presented for sale via online auction. At 667 sq ft across two storeys, the property offers basic living space arranged as lounge, dining room, kitchen, downstairs bathroom, two first-floor bedrooms and an upstairs bathroom, plus a small outdoor area. Its low guide price and vacant possession make it a clear opportunity for investors or cash buyers prepared to act quickly.
The house is in need of modernization and repair: the EPC is rated F, there are reports of damp and the stone walls are likely uninsulated. Heating is mains gas via boiler and radiators and windows are double glazed though installation date is unknown. These issues mean immediate expenditure will be required to bring the property up to modern standards and to address damp and insulation.
Location strengths include proximity to local shops, parks, transport links and several schools (including two rated Good). The area is classified as hard-pressed with above-average crime and very high deprivation, which will affect tenant demand, resale prospects and rental yields. Flooding risk is low and council tax is Band A, keeping ongoing costs down.
This is a clear project for an experienced landlord or renovator: low purchase price and freehold tenure give scope to add value through refurbishment, but budget for repairs, energy improvements and possible remedial work. Note the auction sale conditions include an administration fee of £3,600 (inc. VAT) payable on exchange and any disbursements listed in the legal pack — check these before bidding.
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