Terraced House
A vacant two bedroom terrace house with an upstairs bathroom. The property will make an ideal buy to let investment for a first time or seasoned investor looking to start or add to their property portfolio! Located in a popular residential area in Huthwaite the potential for letting the property out has never been greater, with a shortage of buy to let properties in the area this is definitely one that will get a lot of interest with investors as the property has only recently become vacant.
The property also has further potential for an investor looking to add a further bedroom, with some minor reconfigurations and subject to obtaining any relevant planning requirements. In our opinion the bathroom could go downstairs by utilising the attached brick storage area and the existing bathroom being turned in to bedroom three. Other properties on the street have also added an attic room, so as you can see there is scope to add value to the property.
Freehold. Vacant possession upon completion.
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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
