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End of Terrace House in Leicester

2 Marfitt Street, Belgrave, Leicester, Leicestershire LE4 6RN

Lot no: 22 Property type: End of terrace house Auction type: Unconditional with Fixed FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) together with the buyers fee of £1074 and complete within a set time period.

Guide Price* £160,000+plus fees Result Sold at Auction £178,000



A spacious property which has undergone full refurbishment and has been designed for use as a four bedroomed HMO property .

Property Description

The property has modern kitchen and bathrooms, gas central heating, good décor, re plastered throughout, wired in smoke alarms and UPVC double glazing. A ready made investment which can be let straight away and would give a rental income of approx. £17,000 per annum and giving a return of over 10%. The property would also make a great three bedroom family home in this highly desirable location, close to the array of amenities along Melton Road.

Reception Hallway
Bedroom 1 4.20m x 2.40m

Bay window to the front aspect.

Lounge 3.70m x 3.50m

With laminate flooring and window to the rear aspect.

Kitchen 2.00m x 4.20m

With a modern range of base and wall units, sink unit, space for appliances, built in oven, gas hob and extractor hood, breakfast bar, wall mounted boiler in matching wall cupboard and window to the side aspect.

Rear Lobby

With space for appliances and door to rear garden.

Bathroom

With white suite comprising low flush w.c. wash hand basin and panel bath with shower over, heated towel rail and tile flooring.

Landing
Bedroom 2 4.04m x 3.70m

With window to the front aspect.

Bedroom 3 3.13m x 2.83m

With window to the rear.

Bedroom 4 4.20m x 2.00m

With window to the rear aspect.

Shower Room

With low flush w.c. wash hand basin and shower cubicle and heated towel rail.

Outside

The property benefits from a small fore-garden and a good size rear garden which is fully enclosed and secure.

Tenure

Freehold. Vacant possession upon completion.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.