Terraced House
A three bedroom mid terraced property.
A great buy to let investment with the potential to generate an annual income in the region of £30,000. This represents a return in excess of a 10% yield based on the guide price. The property would benefit from light cosmetic upgrading and is located in a very popular residential location close to a wide range of amenities and transport links.
Entrance reception hallway, cloakroom/W.C., kitchen and living room.
Landing, three bedrooms and bathroom.
To the front of the property there is off-street parking and garden area with further garden to the rear.
Remainder of an 80 year lease (less 3 days) from 29th September 1979 at a current ground rental of £10 per annum. The lease has 36 years remaining and the seller purchased the property in November 2022, so owned less than 6 months, making it suitable for cash buyers only. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Leasehold. Vacant possession upon completion.
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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.
