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23 Burton Street, Rishton BB1 4PD

Lot no: 195 Sold at Auction for £49,000
 

Guide Price £40,000-£50,000 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.

Wednesday 31st January 2024

10.00am
Key Features
  • Guide price £40,000-£50,000
  • Two bedroomed terrace
  • Rental income £4,740 per annum
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Sold at Auction for £49,000

Terraced House

Property Description:


Terraced property located in Rishton.

This a well presented terraced property is being sold with a tenant in-situ and is situated in a popular residential location close to local amenities. With spacious lounge and fitted kitchen to the ground floor and two good sized bedrooms and family bathroom to the first floor.

Located off Rishton High Street, the property is within close proximity to local amenities, schools and transport links. The M65 motorway network provides ease of access to nearby cities such as Manchester, Preston and Leeds.

The property is currently let at £395.00 PCM.

Lounge

4.42m x 4.34m

Kitchen

4.29m x 3.05m

First Floor Landing

Leading to -

Bedroom One

4.34m x 4.34m

Bedroom Two

3.32m x 2.28m (wardrobe space)

Family Bathroom

2.5m x 2.2m

Outside

Yard to rear.

Leasehold Information

999 years from 29 September 1874. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Note

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.

Tenure:

Leasehold. 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.