Semi-detached house
A 2 double bedroom semi detached house. This property is found in the famous and historic market town of Melton Mowbray, known worldwide for its pork pies, Stilton cheese, markets and so much more, earning the title, Rural Capital of Food.
So whether you are looking for a home, a BTL investment or an opportunity to generate an impressive income with short lets (AirBnB) this property definitely ticks the boxes.
The property is set over 2 floors, has 2 double bedrooms, a spacious Lounge as well as a 20FT Kitchen / Diner, walking distance in to the town and within easy reach of the cities of Leicester and Nottingham via the train station and A46.
We are informed that if the property was let on an AST, it could command a monthly income in the region of £750 (£9k per year) As a short let AirBnB you could generate in excess of £100 per night, definitely worth looking in to as demand in the area is extremely high.
2.03m x 6.25m (6ft 8 x 20ft 6)
3.60m x 4.57m (11ft 10 x 15ft 0)
4.88m x 2.41m (16ft 0 x 7ft 11)
2.74m x 4.20m (9ft 0 x 13ft 10)
Construction Material: Solid brick. Services: TBC. Heating: Boiler, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2 and EE show as medium in this area, and Vodafone as high. Satellite and Cable - BT, Sky and Virgin show as available in this area.
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.
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