Terraced House
Property Description:
A potential buy to let two bedroomed terrace house right next to the University. This property is ideally situated and is in need of a light cosmetic upgrade. Once updated a two bedroom house share on the street will generate a rental income in the region of £8,000 per annum(£80 per room per week) and this would represent a yield against the guide price of 20%. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
The property consists of a lounge, a breakfast kitchen and downstairs bathroom, upstairs there are two double bedrooms.
Viewing is highly recommended.
Ground Floor
Lounge - 12ft7 x 10ft8
Breakfast Kitchen - 17ft9 x 7ft5 max
Bathroom - 10ft2 x 5ft7
Inner hall - 10ft3 x 6ft6max
First Floor:
Bedroom One - 16ft2 x 10ft6
Bedroom Two - 10ft2 x 9ft9
Storage area
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 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.
