End of terrace house
A potentially high yielding BTL residential investment opportunity, to acquire a bay fronted three bedroomed end terrace property, occupying a popular and convenient residential location.
The property is currently let on a rolling assured shorthold tenancy agreement, producing £550 per calendar month (£6,600 per annum) and offers significant scope for an increase and in our opinion we would estimate a rental income of £850pcm (£10,200). Based on the guide price this would represent an impressive 13% return.
The property has the benefit of being gas centrally heated, double glazed and the living accommodation in brief comprises: entrance hallway, lounge, separate dining room and kitchen. To the first floor landing, there are three bedrooms and family bathroom.
Outside to the front there is a small forecourt and to the rear an enclosed yard.
The property is situated within the context of an established and strong letting residential location and will surely appeal to local and national investors/landlords.
14ft 4 x 11ft
11ft 5 x 12ft 3
8ft 11 x 6ft 4
11ft 3 x 14ft 3
12ft 1 x 11ft 6
8ft 9 x 6ft 6
Rivers and Seas Very Low. Surface Water Very Low.
O2, Three, EE, Vodafone are available.
Brick
BT and Sky are available.
Standard 15 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.
Freehold. 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.
