Terraced House
A fantastic investment opportunity in an extremely desirable residential location with a huge demand for rental properties.
A three bedroom terraced house with two reception rooms and plenty of potential, currently let producing £1,400 pcm with an option to extend the tenancy. We are informed by the seller the tenants always pay their rent on time.
The property would make a great home as well as a great buy to let investment, with the benefit of planning consent to transform the property into two, one bedroom apartments so you can maximise your return.
With one bedroom apartments in such high demand in the area the rental incomes have increased significantly and are now in the region of £900 pcm offering a potential rental income of over £20,000 per year.
Registering to bid is highly recommended for this great investment opportunity in Aylesbury.
Lounge/Diner, Separate Kitchen, Bedroom, Rear Lobby, Shower Room.
Kitchen/Diner, Bedroom, Shower Room.
Planning permission has been granted by Buckinghamshire Council for the conversion of a dwelling into two self contained flats under reference 20/02152/APP dated 7th September 2021.
Please be advised that the auctioneers have not personally inspected the property and there is no access available. Prospective buyers, particularly those relying on financing options who may require a survey, are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
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 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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers 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.
