Terraced House
This unique freehold property comprising two self-contained flats.
The property is divided into two independent rental investments along with parking/yard to rear and would make an ideal investment opportunity.
The ground floor one bedroom flat is currently let at £550 PCM, with the first floor one bedroom flat, vacant and offering potential rental income of approximately £695 PCM.
Estimated current rental value of £16,680 per annum.
There is scope to convert the ground floor flat in to a two bedroom flat.
There is also potential to extend to the rear and the possibility of making Four x One Bedroom Flats, subject to planning. Which could lead to a rental income of circa £28,000 - 30,000 per annum.
Well located and within easy walking distance of the town centre, local amenities, shops and services.
The ground floor flat is accessed via a side entrance door leading into the fitted kitchen, which provides preparation work surfaces along with a selection of base units and eye-level wall cupboards. The property is served by a gas-fired combination boiler supplying the domestic hot water and central heating system. From the kitchen, access leads through to an impressive lounge diner positioned across the front elevation, with a front entrance door opening onto the roadside. An inner hallway leads through to a generously proportioned principal bedroom, which offers potential for reconfiguration into two separate bedrooms if required, along with a fitted bathroom comprising a three-piece white suite.
The first floor flat is in excellent order throughout with a recent light refurbishment. It is accessed independently from the rear of the property, via an entrance door leading into a ground floor hallway with staircase rising to the accommodation. The landing area offers a selection of built-in storage cupboards. The lounge is positioned to the front aspect, enjoying views over Moor Street and the nearby church. An internal door leads to the fitted kitchen, offering preparation work surfaces, appliance spaces and a window to the rear elevation. The double bedroom is also located to the front aspect, while the bathroom is fitted with a three-piece suite comprising low-level WC, hand wash basin and bath.
Small front garden with views over the Church opposite. A drive through leads to a car park to the rear offering parking for multiple vehicles and potential for extension, subject to planning.
These sales details are awaiting vendor approval
Freehold. Part let/part vacant.
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.
