Terraced House
A fantastic and rare opportunity for a project in Burton on Trent. This two bedroom freehold property has already been cleared, in places plastered and taken back to brick all in readiness for the final stages of its transformation. Situated in an excellent residential setting this property once completed would be a great home or buy to let investment, with scope to improve and extend (subject to the necessary consents).
With rental incomes for two bedroom properties in the area generating close to £8,000 per annum this property could offer a 12% yield based on the guide price.
The accommodation comprises:
13.5 x 11.9 ft
With a bay window to the front and a fireplace. New front door.
11.6 x 11.6 ft
Fireplace, stairs to the first floor and storage area under, window to the rear.
8.1 x 8 ft
There is a pantry and rear entrance door. Opportunity to incorporate outdoor w.c. (in working order)
Provides access to the two bedrooms and the bathroom.
11.7 x 11.4 ft
11.5 x 8.5 ft
Front and rear garden.
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.
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