Flat
The property is part of a conversion containing four other units and is located conveniently within 5 minutes walk of Loughborough town centre and train station. Numerous bars, restaurants, shops and parks are situated closeby.
This larger than average 1 bedroom flat offers bright and airy accommodation and is in good order throughout, retaining many original features. It would make a great first time buy or ready to let investment property.
Estimated rental income circa £525 pcm / £6,300 pa giving a return of 8.5%. Additionally, there is potential to use the living room as 2nd bedroom which would increase the return.
In more detail -
With sink unit, plumbing for washing machine, large walk in pantry / bike store and window to the side. Stairs leading to first floor.
With stairs to second floor.
Having a period open grate fireplace, double radiator, cornicing and picture rail and a large bow window to the front with window seat.
A modern fitted kitchen, sink with drainer, space for appliances, original cast fireplace, window to the rear aspect with views over the churchyard.
Fitted with a three piece suite comprising low level wc, walk in shower cubicle and wash hand basin in vanity unit. Part tiled walls, radiator and windows to two aspects.
Having fitted wardrobes and further eaves storage space, double radiator and Velux window to the rear aspect
The property is accessed via the Windmill Pub car park in a tucked away location. There is a small shared courtyard which leads to the entrance door.
See Legal Pack.
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 Fixed Fee.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
