Semi-detached house
***BTL RESIDENTIAL INVESTMENT OPPORTUNITY***
Occupying a popular and established residential location is a mature semi detached property, currently let as three individual rooms (all with en-suites) producing a combined gross income of £17,480 per annum, this representing an impressive 12.7% return based on the guide price.
Two rooms upstairs are let at £500pm each and one room on ground floor is let at £450pm. In our opinion there is scope to increase the rents to approximately £550pcm this producing a potential gross income of £19,600pa.
Internally the property consists of; entrance hallway giving access to dining room, kitchen and three en-suite bedrooms. Outside there are gardens.
Fitted units with accent lighting, complimentary wall tiling, freestanding gas cooker, under counter appliance space for 1 appliance, laminate work surface, stainless steel single sink and drainer with individual hot and cold taps, grey slate effect ceramic flooring, wall mounted radiator with trv, wall mounted gas combination boiler.
UPVC D/G window to the rear elevation, radiator. Fully furnished. En-suite bathroom.
UPVC D/G window to the rear elevation, radiator. storage cupboard.
UPVC D/G to the front elevation, radiator. Fully furnished. En-suite bathroom.
UPVC D/G window to the rear elevation, radiator. Fully furnished. En-suite bathroom.
Low level fence to front boundaries, low level wooden gate leading to concrete walk area, step up to entrance door. Enclosed garden to the rear.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
