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7a Rowhedge Road, Colchester CO2 8EW

Lot no: 89 Sold at Auction for £250,000
 

Guide Price £225,000+ 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 24th November 2022

10.00am
Key Features
  • Extended detached bungalow
  • Main house, side extension and garage conversion
  • 10 Bedrooms
  • Previously let under Specialist Supported Housing for approx. £70,000 per annum
  • Extensive grounds, field views and accessed via a private drive
  • Superb investment potential with excellent yields
  • EPC Rating: C
  • Council Tax Band: E
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Sold at Auction for £250,000

Detached bungalow

Property Description:

An excellent investment opportunity.

A detached bungalow accessed via a private driveway, sitting on a very generous and low maintenance plot with field views. The property was previously rented under Specialist Supported Housing paying approx. £70,000 per annum.

The property is split in to 4 sections, being the main body of the house, a side annexe as well as a garage conversion with 2 separate apartments. All in all there are 10 bedrooms, 4 kitchens and multiple reception and bathrooms, a superb property indeed.

To appreciate the extent of the property we recommend viewing the walkthrough video tour, to enable any interested parties to get a good feel for the fantastic opportunity this investment property has to offer.

Accommodation

Entrance Hallway
Inner Hallway
Bathroom
Kitchen/Breakfast Room 14ft 2 x 11ft 9 (4.32m x 3.58m)
Dining Room/Bedroom
Bedroom 12ft x 9ft 1 (3.66m x 2.77m)
Living Room 20ft x 13ft 7 (6.10m x 4.14m)
Outer Hallway
Bedroom 14ft 8 x 11ft (4.47m x 3.35m)
Bedroom 12ft x 11ft 9 (3.66m x 3.58m)
Separate WC
Bedroom 17ft x 11ft 8 (5.18m x 3.56m)
En Suite

Annexe Accommodation entrance via Garden/Sun Room

Kitchen/Diner 17ft 4 x 10ft 7 (5.28m x 3.23m)
Lounge 17ft 1 x 11ft 9 (5.21m x 3.58m)
Bedroom 11ft 8 x 9ft 2 (3.56m x 2.79m)
Bedroom 11ft 8 x 8ft 2 (3.56m x 2.49m)
Shower Room

Outside

Multi vehicle off road parking and extensive low maintenance gardens surrounding the whole property.

Coach House

Ground Floor
Living/Kitchen/Dining Room
Two Bedrooms
Shower Room
First Floor
Open Plan Lounge/Kitchenette Area
Bedroom and shower room

Tenure:

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 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.


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 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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