Property type: Large Victorian end terrace in Prenton arranged as 5 flats, fully let
Reason for auction: Emigration, failed to sell on the market
Guide price: £150,000
Sold price: £135,000
History of This Auctioned Flats in Prenton England
Owned and rented by an ex professional footballer who had now retired and emigrated. The property was very labour and time intensive due to the type of occupiers the property attracted.
The owner self-managed the property and collected the rent weekly in person, however, as soon as he left the UK the tenants became hard work and no local letting agents would take the management on.
The investment property was put on the market and eventually after failing to find a buyer it was sold at auction with completion from start to finish in 6 weeks.
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