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9 Crab Lane, Blackley, Manchester, M9 8NB

Lot no: 53 Sold at Auction for £70,000
 

Guide Price £65,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 25th February 2021

10.30am
Key Features
  • Substantial two bedroomed end terraced house
  • Open outlook to both the side and rear
  • Current rental income £450 per calendar month (£5,400 per annum) with potential for increase
  • Popular residential location
  • EPC Rating: D
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Sold at Auction for £70,000

End of terrace house

Property Description:

Well positioned along Crab Lane within one of North Manchesters most popular areas, this two bedroomed property offers a good investment for a landlord or indeed future home-owner. Benefits include an open outlook to both the side and rear, two reception rooms, a modern kitchen and bathroom as well as being fully double-glazed. The current rental income is £450 per calendar month, although the current market rent is in the region of £625 per calendar month. We understand a Section 21 Notice has been served and vacant possession is due after 1st April 2021. We understand the tenant is still in occupation.

The auctioneers have not inspected the property but believe it to comprise -

GROUND FLOOR:

Lounge, dining room, kitchen.

FIRST FLOOR:

Two bedrooms and family bathroom.

OUTSIDE:

Paved area to front and rear garden.

Tenure:

Leasehold.


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.

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