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Albert Terrace, Stafford... 3 bed terraced house for sale
Albert Terrace, Stafford
£104,950
Albert Terrace, Stafford
£104,950
Our Summary
- Starting Bid £110,000Tenanted Investment Opportunity – 3 Bed Terrace on Albert Terrace, StaffordStarting Bid: £110,000 | Current Rent: £545 PCM | Tenant Agreed to Rent IncreaseKey Features:Tenanted 3-bedroom mid-terrace propertyStarting bid just £110,000Currently let at £545 PCM (£6,540 annually)Yield at current rent: 5
- Nearby amenities include:Stafford Castle & Victoria ParkGood local schools including St Patrick's and Stafford GrammarM6 (J13 & J14) within 10 minutesAuctioneers Additional CommentsPattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
- This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent
- The property is being sold via a transparent online auction
- Sold via modern method of auction
Description
This tenanted investment opportunity is a 3-bedroom mid-terrace property on Albert Terrace in Stafford, available for sale via online auction with a starting bid of £110,000. The property is currently let at £545 per calendar month, generating a yield of 5.95%, with the existing tenants agreeing to a rental increase upon completion. With potential rent increases, the yield could reach up to 8%. The property is located close to Stafford town centre, schools, and commuter routes, making it an ideal low-maintenance buy-to-let investment. The current rent is £545 PCM, with the potential for rent increases to £725-£750 PCM, offering a projected yield of 7.9-8.18%. The property is available to view by appointment only and can be bid on through the marketing agent or the auctioneer's website.