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3 bed terraced house
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Price History
Our Summary
- Established lettings location and ready-made investment opportunity
- Summary A well-presented three-bedroom mid-terrace investment property offered for sale by auction, providing an attractive, ready-made opportunity for buy-to-let investors
- Council Tax Band: A Tenure: Freehold Auctioneers Additional Comments Pattinson Auction are referred to below as The Auctioneer
- This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer
- The property is being sold via a transparent online auction
- An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction
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Description
This three-bedroom mid-terrace property is being sold via online bidding and offers a ready-made investment opportunity for buy-to-let investors. The property features a living room, kitchen with modern units, bathroom with a three-piece suite, and three bedrooms on the first floor. The property also has gardens to both the front and rear.
It is currently let under an Assured Shorthold Tenancy at a rent of £595 per month, generating an annual income of £7,140 and a gross yield of approximately 13.7% based on the starting bid price of £60,000. Located in an established residential area with consistent rental demand, the property is expected to produce a solid income from completion.