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197 Upper St. John Street, Lichfield, Staffordshire WS14 9ED

Lot no: 19 Sold at Auction for £131,000
 

Guide Price £115,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 29th February 2024

10.00am
Key Features
  • One Bedroom Terraced House
  • Gas central heating and UPVC double glazing
  • Requires Modernisation
  • Close proximity to Town Centre
  • Ideal potential buy to let opportunity
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Sold at Auction for £131,000

Terraced House

Property Description:

A traditional terraced property located within an easy walk of all the amenities within Lichfield Centre, including shops, restaurants, parks and schools. Commuter routes include A38, A5 and M6 toll road linking the midlands motorway network with both cross and inter city train services also available.

The property requires cosmetic modernisation but benefits from gas central heating and UPVC double glazing.

There is an estate charge for maintaining garden land to the rear of approx £300 per annum.

An ideal potential first time buy or excellent buy to let investment which has an estimated rental value of £700 per calendar month/£8,400 per annum after upgrading. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Lounge - 11ft11 x 10ft11 (3.62m x 3.34m)

With meter cupbaord, radiator and window to front aspect.

Kitchen - 8ft10 x 8ft4 (2.68m x 2.54m)

With a range of base and wall units. Space for appliances. Worksurfaces with inset sink, door to cellar and both window and door to rear.

Cellar

Offering useful storage space.

Landing

With doors to all rooms and airing cupboard with combi boiler.

Bedroom One - 11ft0 x 11ft10 (3.35m x 3.61m)

With radiator, built in wardrobe and window to front.

Bathroom -

White suite comprising: bath, pedestal wash hand basin, low level W/C, tiled splash backs, tiled flooring, radiator and window to rear.

Outside:

Garden to rear with paved patio seating area.

Construction material:

Standard brick.

Parking arrangements:

On street.

Water Supply:

Yes.

Electricity Supply:

Yes.

Sewerage Arrangements:

Mains.

Broadband:

Standard - 16bmps.

Mobile Phone Coverage:

O2, EE, Vodafone, Three available.

Draft Sales Details

These sales details are awaiting vendor approval.

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 Fixed Fee.

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 fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

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.