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End of Terrace House in Oldham

2 Evans Street, Oldham, Lancashire OL1 2BN

Lot no: 15 Property type: End of terrace house Auction type: Unconditional with Variable FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) and a buyer's fee of 4.8% inc VAT or 4.2% inc VAT in London (subject to a minimum of £6,000) and complete within a set time period. Please note the buyer's fee does not contribute towards the purchase price.

Guide Price* £51,000+plus fees Result Withdrawn Post



Ideal investment opportunity - A two bedroomed end terrace property.

Property Description

Ideal investment property, rental yield 8.5% this two bedroom end terrace property is situated close to Oldham town centre and transport links. The accommodation briefly comprising; vestibule, lounge, kitchen/diner at ground floor level with two bedrooms and bathroom at first floor level, externally there is a rear, gated yard. Full electric rewire in 2014, new combi boiler 2018 with 10 year guarantee, external works to roof and gable end carried out 2018. The property is currently let and produces an annual rental income of £5,100 (£425 pcm).

Vestibule

With laminated flooring

Lounge 14'4" x 13'10" (4.37m x 4.22m)

With laminate flooring, radiator, uPVC double glazed window

Kitchen/Diner 12' x 10'8" (3.66m x 3.25m)

With basic fitted kitchen comprising of wall and base units, cooker point, stainless steel sink unit, window and door to rear.

First Floor Landing
Bedroom One 13'10" x 14'3" (4.22m x 4.34m)

With uPVC double glazed window, radiator, fitted carpeting.

Bedroom Two 11'11" x 7'7" (3.63m x 2.31m)

With uPVC double glazed window, radiator, fitted carpeting.

Bathroom

Fully tiled with three piece bathroom suite, uPVC double glazed window

Externally

To the rear there is a gated yard.

Tenure

Leasehold. Subject to tenancy.


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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 5% 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 this lot is subject to a buyers fee of 4.8% including VAT (or 4.2% including VAT in London), subject to a minimum of £6,000 including VAT. This does not contribute towards the purchase price and is 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. To find out more about any additional fees associated with this property please contact the auction office.