Terraced House
DRAFT DETAILS
***Freehold residential investment opportunity***
Occupying a popular established residential location is a brick built two double bedroomed mid-terraced property, situated within literally yards of local shops and easy reach of the city centre.
The property is currently let on an assured shorthold tenancy agreement producing £600 per calendar month (£7,200 per annum). In our opinion there is scope for significant rental increase to an estimated income of £750 per calendar month (£9,000 per annum). This would represent an impressive 10% return based on the guide price.
Internally the property offers neutral decor with uPVC double glazed windows, gas central heating and in brief comprises of front sitting room, inner lobby with staircase to first floor and fitted kitchen. To the first floor landing there are two genuine double bedrooms and a bathroom with three piece suite in white with shower over. Outside there is gated shared pedestrian access with a yard and rear garden.
With door to front, uPVC double glazed window to the front elevation, electric fire and central heating radiator.
With staircase to first floor.
With uPVC double glazed window to the rear elevation, door to cellar, fitted built-in fridge and freezer set into the chimney recess, central heating radiator and door to the kitchen.
With uPVC double glazed window. The fitted kitchen in white units comprise a range of wall mounted cupboards with base units, drawers, L-shaped preparation surface, stainless steel sink and drainer with mixer tap and splashback tiling. There is an Indesit free-standing stainless steel gas oven, hob with a chimney style fan assisted illuminated cooker hood over and central heating radiator.
Leading to -
With uPVC double glazed window to the front elevation and central heating radiator.
With uPVC double glazed window to the rear elevation, built in wardrobe with louvre doors and wall mounted Ideal combination boiler and central heating radiator.
With uPVC double glazed window to the rear elevation. A refitted three piece bathroom suite in white comprises a panelled bath with shower unit over, glazed shower screen, low level wc, pedestal wash hand basin, tiling to the walls and laddered heated towel rail.
There is shared gated pedestrian access which in turn leads to the rear of the property where there is a blue brick rear yard and garden which is mainly lawned.
We have previously been advised that the neighbouring property has historically been affected by Japanese Knotweed. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
The photos illustrate the property before the commencement of the tenancy.
Rivers and Seas - Very low. Surface Water - Very low
Solid brick, as built, no insulation (assumed) - Information taken from EPC.
Standard 15 mbps, Superfast 80 mbps and Ultrafast 1000 mbps show as available in this location
EE, O2, Vodaphone and Three show as available in this location.
Sky, Virgin and BT show as available in this location.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 1.2% of the purchase price (subject to a minimum 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.
