Summary - 223 LEEK NEW ROAD STOKE-ON-TRENT ST6 2LG
3 bed 1 bath Terraced
Immediate income with refurbishment potential for hands-on investors.
Freehold three-bedroom terraced house close to city centre
Offered for sale at auction, this three-bedroom terraced house presents a clear buy-to-let opportunity with an existing tenancy producing £675 pcm (£8,100 pa). At the guide price the current rent equates to an approximate 8.5% gross yield, making it suitable for investors seeking immediate income and potential rental growth.
The property is freehold and situated close to Stoke-on-Trent city centre and local amenities. The exterior is a traditional two-storey terrace with a brick façade and grey render. Internally the mid-century kitchen and general decor are dated and will need modernization — the house is best described as a straightforward refurbishment or light renovation project to increase capital value and rental prospects.
Important auction and legal notes: the lot will be sold at online auction, unconditional, with a 10% deposit (minimum £5,000) and buyer’s administration fee payable on exchange. The auctioneer has not carried out an internal inspection; prospective buyers should review the legal pack and arrange their own inspections before bidding. Additional fees and standard auction timescales apply.
Location factors: close proximity to the city centre and a number of schools and basic amenities supports lettability. However the area is very deprived and records high crime levels — factors which affect tenant demand, rent levels and resale. This is a practical income asset for investors prepared to manage a let in an urban, high-demand rental market and to invest in upgrading the property.
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