Terraced House
DRAFT DETAILS
A spacious three storey Villa situated in a popular and convenient location which is perfect for the buy to let investor.
Comprising of five bedrooms, two bathrooms and rear garden.
The property requires modernisation but is ideally suited to make a five bedroomed HMO, subject to any required permissions.
Potential HMO rental income of circa £20,000 per annum inclusive.
The auctioneers have not inspected the property but believe it to comprise -
Entrance Hallway
Lounge - 4.25m x 3.64m
Bedroom Five - 3.66m x 3.93m
Kitchen - 6.87m x 2.64m
Bathroom - 2.39 x 2.69
Bedroom One - 3.97m x 3.66m
Bedroom Two - 3.65m x 5.60m
Bathroom - 2.60m x 1.95m
Bedroom Three - 3.98m x 3.30m
Bedroom Four - 3.67m x 3.32m
Rear yard. An enclosed garden / yard with secure gated access and brick wall surround.
Vacant.
We are informed the property previously held a HMO licence but this has now expired.
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.
