Semi-detached house
Situated within walking distance of the town centre is a charming Grade II Listed semi detached period property currently producing a combined gross income of £20,670 per annum. This represents an impressive 13.9% return based on the guide price (currently let on 4x Assured Shorthold Tenancy contracts).
Internally the property is gas centrally heated and consists of entrance hall, bedroom one, breakfast room and kitchen. To the first floor the split level landing leads to three further bedrooms and a bathroom. Outside the property is set nicely back from the road with hardstanding and to the rear there is large garden. Excellent high yield residential investment opportunity.
We have been informed that the rent paid for room 1 is currently £120 pw and that the tenant occupies under a periodic tenancy. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Subject to tenancy.
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
