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62 Bedford Place, Southampton, SO15 2DS

Lot no: 208 Sold Prior to Auction
 

Guide Price £146,000+ 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 March 2021

10.00am
Key Features
  • Four bedroom apartment
  • Previously let as a student HMO
  • Central and highly popular location
  • Potential rental of £1400 pcm
  • EPC Rating: F
  • Permit parking
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Sold Prior to Auction

Apartment

Property Description:

Unique property that would suit an investor looking for a high yield. Second floor apartment arranged over two floors previously rented out for £1400 pcm. Offered with no forward chain. The property comprises of four double bedrooms. Lounge. Fitted kitchen. Shower room with separate W.C. Permit parking. Electric storage heating.

This property is situated in Bedford Place within walking distance to Southampton City Centre which has a comprehensive range of shopping facilities' including the West Quay shopping complex. Easy access to Southampton University and Southampton Solent University as well as the bars, clubs, shops and restaurants in Bedford Place. Southampton central railway station is a 10 minute walk and bus routes are nearby. Southampton City Centre has numerous parks and open spaces and the Common, with over three hundred acres of parkland is within easy reach.

Bedroom One 18'2" x 12'10" (5.54m x 3.92m)

Double bedroom; single glazed wood sash window facing the front. Storage heater, carpeted flooring, fitted wardrobes, dado rail, painted plaster ceiling, ceiling light.

Bedroom Two 19' x 12'7" (5.78m x 3.84m)

Double bedroom; single glazed wood sash window facing the front. Storage heater, carpeted flooring, dado rail, painted plaster ceiling, ceiling light.

Lounge 11'11" x 11'9" (3.64m x 3.58m)

Single glazed wood window facing the rear. Storage heater, carpeted flooring, painted plaster ceiling, ceiling light

Kitchen 10'7" x 14'2" (3.22m x 4.32m)

Single glazed wood window facing the rear. Storage heater, vinyl flooring, painted plaster ceiling, ceiling light. Wood work surface, fitted and wall and base units, stainless steel sink and with mixer tap with drainer, integrated, electric oven, integrated, electric hob, space for washing machine, dryer, fridge/freezer.

Bedroom Three 14'1" x 19' (4.29m x 5.8m)

Double bedroom; double glazed uPVC window facing the rear. Electric heater, carpeted flooring, textured ceiling, ceiling light.

Bedroom Four 18'6" x 9' (5.64m x 2.74m)

Double bedroom; double glazed uPVC window facing the front. Electric heater, carpeted flooring, painted plaster ceiling, ceiling light.

Shower Room 6'6" x 10'1" (1.99m x 3.07m)

Double glazed window with obscure glass facing the rear. Electric heater, laminate flooring, ceiling light. Single enclosure shower, pedestal sink and vanity unit, extractor fan.

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.