Spacious five-bedroom investment property – strong yield, below market value.
Tenant has requested no viewings
Description
An excellent investment opportunity offering substantial accommodation over three floors (plus cellar) in a traditionally built terraced property. Let on a long-let basis at £595 pcm, with a guide price of £90,000 reflecting a discounted entry point in the market.
Accommodation
Ground Floor:
-Vestibule: 7’1” × 4’6” – wood door, tiled floor, leading into the hallway.
-Hallway: 24’4” × 5’11” – two double radiators, laminate flooring and carpeted stairway.
-Lounge: 18’1” × 15’5” – front aspect, fireplace with wood & marble surround, two wood-framed windows, carpet, ceiling and wall lights.
-Dining Room: 14’11” × 14’3” – rear aspect, two windows, fireplace with wood & marble surround, double radiator.
-Kitchen: 12’5” × 14’3” – rear, beech-effect wall and base units, integrated cooker/hob/extractor, dishwasher, fridge/freezer; part-tiled/part tongue & groove walls, tiled floor.
-Utility Room: 6’7” × 9’2” – base unit, worktops, washing-machine plumbing, part-tiled walls, laminate flooring.
-WC: 6’2” × 3’2” – white WC, part-tiled walls, laminate flooring.
-Cellar: 18’1” × 15’5” – providing additional storage or development potential.
-Rear yard with parking space.
First Floor:
-Landing: 25’4” × 5’11” split level, under-stair storage.
-Bedroom 1: 15’2” × 20’4” – front aspect, 4’9” × 5’7” walk-in wardrobe, ensuite: 13’10” × 4’6” – Jacuzzi bath, twin hand-basins, WC, heated towel rail, tiled & laminate finishes.
-Bedroom 2: 14’1” × 10’ – rear aspect.
-Bedroom 3: 10’5” × 9’ – rear aspect.
-Shower Room: 9’2” × 6’ – large Biston body-shower with jets, WC, basin, double radiator, tiled floor.
Second Floor:
-
-Landing: under-stair storage, tongue & groove ceiling.
-Bedroom 4: 9’10” × 13’10” – front aspect, tongue & groove ceiling.
-Bedroom 5: 9’10” × 13’10” – front aspect, tongue & groove ceiling.
-Bathroom: 5’10” × 5’8” – double-glazed Velux window, bath, basin, WC, part-tiled walls and floor.
Investment Highlights
-Currently let at £595 pcm (£7,140 per annum) – provides immediate income.
-For properties with four or more bedrooms, average rents in the area are reported at around £1,000 pcm+
-The guide price of £90,000 reflects a significant discount to potential value and to replacement cost for this size of accommodation.
-Scope to increase rent in line with market trends — unlocking enhanced yield for the incoming purchaser.
Yield calculation (current rent):
£7,140 annual rent ÷ £90,000 purchase price ≈ 7.9% gross yield – before costs.
Potential yield (if rent raised to e.g. £750 pcm):
£9,000 annual rent ÷ £90,000 ≈ 10% gross yield.
Tenure & Other Matters
-Investor let property – currently income producing.
-Full internal inspection recommended; buyer to satisfy themselves as to condition and tenant covenant.
-Internal measurements provided in feet and inches for guidance; prospective buyers encouraged to verify if required.
-Auction conditions apply.
Summary
This is a substantial five-bedroom, two-reception-room plus cellar investment property, with private parking and currently producing income. At a guide price of £90,000 it represents an attractive entry point, particularly given the scope to increase rent in line with local market levels (which suggest higher achievable rents in the area). Ideal for a buy-to-let investor seeking a high gross yield and growth potential.
For further information or to arrange a viewing please contact the auctioneer.
Tenure: Freehold
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3,600 inc vat payable upon the fall of the virtual gavel
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- 5 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0114 223 0777 for more information
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