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102 Othello Road, Wolverhampton WV10 9NJ

Lot no: 41 Sold at Auction for £120,500
 

Guide Price £110,000+ 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.

Wednesday 27th March 2024

9.00am
Key Features
  • Stylish and appealing two double bedroom semi detached property
  • Offered for sale with immediate vacant possession
  • Estimated rental income of £900 per calendar month (£10,800 per annum)
  • An impressive 9.8% return based on the attractive guide price
  • Thoughtfully designed and well equipped living accommodation
  • Very sought after development, well positioned for the M6 Toll and M54
  • Double glazed and gas central heated
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Sold at Auction for £120,500

Semi-detached house

Property Description:

An infrequent and exciting high yielding BTL residential investment opportunity, to acquire a stylish and appealing modern two bedroomed semi detached property, offered for sale with immediate vacant possession.

In our opinion, we would estimate a rental income of £900 per calendar month (£10,800 per annum), this would represent an impressive 9.8% return based on the very attractive guide price.

Internally the thoughtfully designed living accommodation has the benefit of being double glazed, gas central heated and in brief comprises; entrance hall with staircase, guest cloakroom, fitted dining kitchen with built-in-appliances, rear full width sitting room with patio doors. To the first floor landing there are two genuine double bedrooms and bathroom fitted in a three piece suite in white with shower.

Outside the property is set nicely back from the road behind a driveway and an enclosed garden to the rear.

The property is situated within a sought after and attractive modern development of similar housing with superb amenities/facilities, along excellent road network connections providing swift access onto M6 Toll and M54.

Additional Information
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Mains plus solar
Building construction: Brick
Flood Risk: Very low
Broadband: Standard, Superfast and Ultrafast
Mobile Signal: O2, EE, Three and Vodafone
Satellite and Cable TV Availability: BT, Sky and Virgin

Entrance hall with staircase

11ft 5 x 3ft 3

Guest cloakroom

4ft 7 x 3ft 1

Fitted dining kitchen

12ft 1 x 7ft 5

Full width rear sitting room

14ft 6 x 10ft 2

First floor landing
Bedroom one

14ft 6 x 8ft 7 max

Bedroom two

14ft 5 reducing to 10ft 6 x 7ft 6

Bathroom

7ft 4 x 5ft 4

Outside
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.