End of terrace house
Property Description:
A two bedroomed end of terrace investment property with the potential to generate an income in the region of £9,000 per annum. Yield potential of in excess of 10% based on our guide price. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
The property has two reception rooms, two bedrooms with a potential to create a third bedroom subject to any necessary consents and an upstairs bathroom. The location is excellent for shops, restaurants, out of town shopping and is serviced by a frequent bus in to the city.
Youtube video available to watch and viewings highly recommended.
Ground Floor
Lounge - 5.64m max x 2.77m max (18ft6 max x 9'1 max)
Dining Room - 3.23m max x 3.05m max (10ft7 max x 10ft max)
Kitchen - 3.56m max x 2.57m max (11ft8 max x 8ft5 max)
First Floor
Bedroom One - 2.46m max x 2.01m max (8ft1 max x 6ft7 max)
Bedroom Two - 4.29m max x 2.39m max (14ft1 max x 7ft10 max)
Bathroom - 2.54m max x 2.21m max (8ft4 max x 7ft3 max)
Tenure:
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.
