Terraced House
HIGH YIELD BUY-TO-LET RESIDENTIAL INVESTMENT OPPORTUNITY.
Occupying a popular and convenient residential location is a larger than average two double bedroomed mid-terraced property offered for sale at a sensible and attractive guide price.
The property is currently let on an Assured Shorthold Tenancy producing £750 per calendar month (£9,000 per annum). This represents an impressive 9% return based on the guide price.
Internally the well proportioned uPVC double glazed and gas centrally heated living accommodation consists of passaged entrance hallway with useful under stairs storage cupboard, dining room, full width rear sitting room, fitted kitchen with opening through to utility room. To the first floor passaged landing there are two double bedrooms, bathroom and potential for a loft conversion subject to obtaining the usual planning consents. Outside to the front there is a small forecourt and garden to the rear.
The property is situated in the context of an established and strong residential location with an excellent range of amenities all within close proximity.
15ft 6 x 2ft 10
12ft 7 x 9ft 5
12ft 11 into chimney recess x 12ft
9ft x 7ft 5
6ft 5 x 6ft 3
12ft 7 into chimney recess x 12ft
12ft x 9ft 7
9ft x 7ft 8
Outside to the front there is a small forecourt and garden to the rear.
Freehold. Subject to tenancy.
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.
