End of terrace house
An opportunity to buy an end of terrace property in need of modernisation. Rarely do auction properties become available in the sought after village of Barrow on Soar.
The property has potential to add significant value either to sell on or rent out as a buy to let investment.
The property is located within walking distance of the train station offering easy access to Leicester, Loughborough and Nottingham, the A6 and M1 / M69 are in close proximity giving excellent transport links. As well as the high street with an array of local shops, pubs and restaurants.
The long term tenant has left so the property is now vacant.
The property comprises a lounge, kitchen with pantry, upstairs there is a double bedroom and bathroom. To the outside there is a garden and an outbuilding with potential to convert into a home office or recreational room.
The property is within a conservation area.
NOTE
We are advised part of the outbuilding is owned by 19 Beveridge Street, and they have a right of way over the property to access the outbuilding. Prospective buyers should refer to the Title Deeds contained within the legal pack for the details and are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Viewings are available and come highly recommended.
Rear Garden, Outbuilding with 2 storage areas, coal shed and what looks like an outside wc.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
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. 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.
