4 Bed Terraced House For Sale

EG1332

This mid-terraced property offers an excellent opportunity for both investors and first-time buyers. Currently arranged and let as a four-bedroom House in Multiple Occupation (HMO), the home generates a strong annual income of £20,700. The landlord has deliberately reduced the rents on a rolling contract basis to ensure the property can be sold chain free, giving buyers peace of mind that the sale can proceed smoothly while still benefiting from immediate income.

The accommodation is arranged over two floors with the added benefit of a basement and a low-maintenance rear garden. On the ground floor there is a fitted kitchen and two bedrooms, while the first floor offers a further two bedrooms, a family bathroom with WC and shower, and an additional separate WC. Please note, access has not yet been possible to Bedroom Two, and therefore the virtual tour, floorplan and photographs do not currently show this space — these details will be added as soon as access is available.

Located in a popular area close to local shops, schools and transport connections, the property is well placed to attract reliable tenants. It is currently producing income, with further scope to increase yields once rents are returned to standard market levels.

This is a flexible purchase that works both as a long-term investment or as a first home with income potential, giving buyers a rare combination of security, return and future growth.

Some images in this listing have been digitally enhanced using AI editing software. Certain items have been removed from photographs for presentation purposes only. All buyers are advised to rely on physical viewings of the property for an accurate representation.

Auctioneer comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.