Terraced House
A substantial terraced villa in a popular and convenient location having the benefit of planning permission to convert to 4 x one bedroomed flats.
The property has been formerly let as a HMO. Planning permission was granted in the form of Certificate of Lawful Use as an 8 Bed HMO in 2001.
New planning permission has also been granted for conversion to provide 4 x one bedroomed flats (Ref 21/0115/COU as of March 2021).
Well placed for local amenities including shops, schools, parks and the town centre.
Potential rental income circa £20,000 per annum after conversion.
The auctioneers have not inspected the property internally but believe it to comprise:
Reception Hallway
Lounge
Sitting Room
Kitchen
Bathroom
Landing
Bedroom One
Bedroom Two
Bedroom Three
Bedroom Four
Bathroom
Landing
Bedroom Five
Bedroom Six
Bedroom Seven
Walled fore-garden and further garden to the rear.
Vacant
Freehold. Vacant possession upon completion.
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 (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.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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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