Terraced House
A substantial two-storey solid brick-built property, finished with painted render and surmounted by a pitched clay tiled roof offered with vacant possession. Scope for circa £60,000pa income.
The property comprises nine generously proportioned en-suite bedrooms, offering an exceptional opportunity for conversion or refurbishment to maximise income potential. Conveniently located within close proximity to the Royal Stoke University Hospital, the property also benefits from excellent transport links to both Keele University and Staffordshire University, making it ideally suited for student or key worker accommodation. Upon renovation, the rooms are anticipated to command rental income in the region of £500 to £600 per room per calendar month, presenting a highly attractive yield for discerning investors.
Ground Floor:
Kitchen/Dining
318 Sq Ft
Bedroom 1
116 Sq Ft
Bedroom 2
91 Sq Ft
Bedroom 3
91 Sq Ft
Bedroom 4
110 Sq Ft
First Floor:
Bedroom 5
107 Sq Ft
Bedroom 6
125 Sq Ft
Bedroom 7
138 Sq Ft
Bedroom 8
90 Sq Ft
Bedroom 9
66 Sq Ft
Total 1,252 Sq Ft
Location
The property is located on Albert Street, approximately 0.3 miles east of Newcastle-under-Lyme town centre and within 1.2 miles of Royal Stoke University Hospital. The area is well connected via the A527 and A34, with a mix of residential and commercial uses nearby
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 under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
