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68 King Street, Loughborough, Leicester, LE11 1SD

Lot no: 2 Sold at Auction for £95,000
 

Guide Price £65,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Friday 27th March 2020

11.30am
Key Features
  • Traditional Two Bedroomed Terraced Property
  • Benefits Upvc double glazed windows
  • requires a scheme of refurbishment
  • close to a superb range of amenities
  • EPC Rating: E
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Sold at Auction for £95,000

Terraced House

Property Description:

A traditional terraced property situated on the edge of Loughborough town centre close to a superb range of amenities, including shops, bars, restaurants and parks.

The property does require a scheme of refurbishment but has got modern Upvc double glazed windows and has had a wiring upgrade. It would make a great buy to let investment which would rent for an estimated £600 per calendar month / £7,200 per annum.

Ground Floor
Lounge

3.65m x 3.50m
With gas fire and surround and window to the front aspect.

Dining Room

3.76m x 3.65m
With gas fire and brick surround and window to the rear aspect.

Cellar

With power points, lighting and work benches.

Kitchen

2.92m x 1.90m
Having basic units, sink, space for appliances and both wndow and door to the side aspect.

First Floor
Landing
Bedroom One

3.65m x 3.50m
With window to the front.

Bedroom Two

3.75m x 2.70m
With built in wardrobe and window to the rear.

Bathroom

2.80m x 1.87m
With low flush w.c. wash hand basin and panel bath. Airing cupboard and window to the rear.

Outside

A rear garden with paved area and lawn.

Tenure:

Freehold.


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.

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