Starting Price: £245,000
Development Opportunity!
Excellent Re-Sale or Long Term BTL Options
Auction set for Wednesday 30th July 2025 at 3:00pm, for all bids to be placed please click on the following link:
On offer is a remarkable development opportunity for investors, located in the highly sought-after Nether Edge area, well-known for its excellent public transport links and local amenities. This terraced property, loosely configured, is ripe for renovation and has previously had planning approved for four apartments or for a large scale HMO. There is also a cellar available should you wish for further conversion or additional storage!
The property presents a complete back-to-brick project, promising a world of potential for its new owners. Each of the rooms are generously sized, offering ample space for potential tenants or residents. With no current reception rooms or kitchens, the layout offers you the freedom to design and optimise the spaces to fit your requirements.
This property is an ideal purchase for developers and portfolio landlords alike. The location and property type offer excellent resale value, with values in the area topping £500,000. Flats within the vicinity have been known to achieve prices north of £150,000 or rents exceeding £1,000 per calendar month. Depending on the specification, it's possible for the bedrooms to attain as much as £500 - £600 per calendar month.
This property is a fantastic letting opportunity and an exciting renovation project with promising potential. Please contact us for further details or to arrange a viewing. Don't miss out on this investment opportunity in a prime location.
(All renovations subject to local authority planning permissions. All values stated subject to market conditions).
*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.
Agent Note
To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
WOO250039/2
Main Overview
Stripped out by the current owner and presented as blank a canvas as can be, this extraordinary opportunity to create a truly sublime residence rarely graces the market. Situated in the sought-after Nether Edge S7 borough, this vast 1,792 sq ft property is the ideal investment opportunity, for the right buyer. Whether your background be in renovation and flips, there's generous margins at play. Whether it be in long term BTL investment, there's no better pension pot than this behemoth, or perhaps the real value lies in diversifying your asset into multiple apartments for quick cash injections, as and when needed: this property offers it all. A rare opportunity for all those with vision and in need of their next/or first ever project! Enquire today to secure your viewing!
Agent Note
To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details. All renovations subject to local authority planning permissions. All values stated subject to market conditions.