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123A and 123B Craven Street, Coventry, Warwickshire CV5 8DT

Lot no: 38 Withdrawn Post
 

Guide Price £200,000+ 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
  • Three storey property comprising of two houses
  • 1x 3 bedroom and 1x 1 Bedroom
  • Estimated rental value £17,000 per annum (based on comparable evidence)
  • Garden to rear
  • Gas central heating and UPVC double glazing
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Withdrawn Post

Block of Apartments

Property Description:

A substantial property which has been converted in to two houses with accommodation over three floors.

The front house offers three bedrooms and there is a one bedroom house to the rear.

The property benefits from UPVC double glazing and gas central heating, however would now benefit from cosmetic modernisation.

Garden to front along with good size lawned gardens to the rear.

A potential ideal investment purchase with a combined, estimated rental value of £17,000 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


For sale on behalf of a housing association.

123a Craven Street - three bedroom house.

Estimated Rental value of £825 per calendar month.

Reception Hallway -
Lounge - 3.31m x 3.72m

With radiator and window to front.

Dining Kitchen - 3.25m x 3.19m

With base and wall units, sink, worktops, space for appliances, radiator, wall mounted boiler and window to rear.

Landing

With store cupboard and further stairs to second floor.

Bedroom One - 5.00m max x 2.36m

With radiator and window to front.

Bedroom Two - 3.05m x 2.31m

With radiator and window to rear.

Bathroom -

Having white suite comprising low flush w.c. wash hand basin and panel bath with electric shower over. Part tiled walls.

Second Floor Landing

With door to third bedroom.

Bedroom Three - 4.80m max x 2.90m

With built in cupboard, radiator and window to rear. Access to loft- the loft offers scope for a fourth bedroom subject to a dormer window to the front and the required planning permissions.

123B One Bedroom House To Rear

Estimated rental value of £625 per calendar month.

Hallway -

With store cupboard.

Lounge - 4.02m x 2.53m

With radiator and window to side.

Kitchen - 2.80m x 2.53m

With base and wall units, space for appliances, worktops with inset sink. Window to side.

Rear Lobby -

With door to garden and stairs to first flooor.

Landing -

With cupbard housing the Worcester Combi boiler.

Bedroom - 5.95m x 2.50m

With radiator and two windows to side aspect.

Shower Room -

With low flush w.c. wash hand basin and shower cubicle. Window to side aspect.

Outside

Walled garden to front. Shared side access leads to the good size rear garden with seating area and lawns.

Construction material:

Standard Brick.

Parking arrangements:

On Street Parking.

Broadband:

Standard - 12 mbps. Superfast - 80 mbps. Ultrafast - 1000 mbps.

Mobile Phone Coverage:

O2, EE, Three, Vodafone

Note:

Please be advised that key information regarding Water supply, Electricity supply, Sewerage arrangements and Heating supply is currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.

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.