Terraced House
DRAFT DETAILS
A spacious Victorian, three bedroom, terraced property situated in a popular and convenient location. Well placed for shops, schools and transport links.
A great potential investment opportunity, with the property previously let out on an assured shorthold tenancy at £498 pcm/ £5,976 per annum and therefore giving a return of 8% at the current guide price.
Benefits include gas central heating and UPVC double glazing and it also has driveway/parking to the front.
The layout also offers scope for use as a 4 bedroom HMO property, subject to any required consents, which would considerably increase the rental value to around £14,000 per annum.
The accommodation comprises in more details:
With stairs to first floor and doors to lounge and dining room.
With radiator, fireplace and window to front aspect
Under stairs storage cupboard, radiator and window to rear elevation.
With fitted kitchen with a variety of drawer, wall and base units. pace provided for appliances. Window to side aspect and door leading to rear lobby.
With door to garden and further door to bathroom.
Radiator and window to front elevation
Radiator and window to rear elevation.
Gated driveway to front. A pleasant rear garden with lawn and enclosed by wood panelled fencing.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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.
