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25 Oxford Street, Coalville, Leicester, LE67 3GS

Lot no: 7 Sold at Auction for £105,500
 

Guide Price £89,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Tuesday 11th February 2020

11.30am
Key Features
  • Three Bedrooms and First Floor Bathroom
  • Good Size Rear Garden
  • Popular Location
  • Close to town centre and parks
  • EPC Rating: C
  • Great investment opportunity
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Sold at Auction for £105,500

Terraced House

Property Description:

A traditional terraced house in a popular location on the edge of the town. Close to an excellent range of local amenities and beautiful local park.

The property offers deceptively large accommodation having three bedrooms and a bathroom to the first floor. It does require general cosmetic modernisation but benefits from gas central heating with a combi boiler and uPVC double glazing throughout. The property also has its own solar panels. These belong to the property and are not leased. Installed in 2015.

It would make a great family home or superb buy to let investment, with an estimated rental income of £650 per calendar month, giving the property an estimated value £135,000 once renovated.

The property also offers scope to be let as a four bedroom HMO property, subject to any required permissions. This could potentially lead to a rental income of around £16,000 per annum.

Ground Floor
Lounge/Dining Room

8.35m x 4.00m
Two single radiators, windows to the front and rear aspects, with stairs off.

Extended Kitchen

5.05m x 1.87m
Having a basic range of units, space for appliances, sink, windows to side and rear and door to garden.

First Floor
Landing
Bedroom One

3.63m x 3.40m max
With radiator and window to the front aspect.

Bedroom Two

3.63m x 3.45m
With built in wardrobe, radiator and window to the rear.

Bedroom Three

3.03m x 2.45m
With radiator, wall mounted combi boiler and window to the rear aspect.

Bathroom

With white suite comprising low flush w.c. wash hand basin and seated bath with shower over. Heated towel rail and window to the front aspect.

Outside

Garden to the front with gravelled area and path to front door.
Enclosed rear garden with side gated access, having patio, lawn and brick store / workshop to the rear.

Tenure:

Freehold.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price 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. A full definition can be found within the Buyers Terms.