Two-bed rental with tenant in place and refurbishment potential.
Freehold two-bedroom mid-terrace with private front and rear gardens
A compact two-bedroom mid-terrace in Murdishaw offered freehold and with a tenant in situ. The property sits on a small plot with private front and rear gardens and on-street parking. Its 1970s construction and visible wear mean it will suit buyers prepared to complete cosmetic or structural refurbishment.
This is presented primarily as an investment opportunity. The current tenant has been resident less than a year and wishes to remain; the property currently produces an annual gross income of £8,580. Given the price and rental income, the house will attract enquiries from investors and developers seeking steady rental returns or scope for improvement and re-letting at higher rents.
Location strengths are practical: local shops, bus links, primary schools rated Good nearby and easy access to community facilities. Material drawbacks are significant and should be factored into purchase decisions: the local area is very deprived with above-average crime, the building shows dated 1970s features and will likely need refurbishment, and a Buyer’s Premium applies to secure the sale. These factors affect both management requirements and resale prospects.
Suitable buyers are investors or developers targeting rented terraces in challenging markets, or purchasers willing to invest in upgrades to improve income or letability. All factual tenancy and investment documentation should be reviewed prior to offer.
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