Key Features:
Tenanted 3-bedroom mid-terrace property
Starting bid just £110,000
Currently let at £545 PCM (£6,540 annually)
Yield at current rent: 5.95%
Potential yield: up to 8% with rent increase
Tenant open to adjusting rent in line with market rates
Located close to Stafford town centre, schools & commuter routes
Ideal low-maintenance buy-to-let investment
Sold via modern method of auction
Property Overview:
A fantastic opportunity to acquire a well-positioned, three-bedroom mid-terrace house on the ever-popular Albert Terrace, Stafford. Already tenanted with long-term occupants, this property offers a turnkey investment from day one.
Currently achieving £545 per calendar month, the existing tenants have agreed to a rental increase upon completion, allowing new owners to align the rent with current market expectations — estimated to be £725–£750 PCM in the area.
Yield Potential:
Current rent: £545 PCM / £6,540 annually
Gross yield at £110,000: 5.95%
Potential rent: £725–£750 PCM / £8,700–£9,000 annually
Projected yield: 7.9%–8.18%
Location Highlights:
Albert Terrace is located just a short stroll from Stafford town centre, offering easy access to shops, supermarkets, schools, and Stafford Intercity Railway Station, with direct links to Birmingham, Manchester, and London Euston.
Nearby amenities include:
Stafford Castle & Victoria Park
Good local schools including St Patrick's and Stafford Grammar
M6 (J13 & J14) within 10 minutes
Auctioneers Additional Comments
Pattinson 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 available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
