.png)
Flat
A spacious two bedroom apartment requiring upgrading.
Situated within the heart of Stoneygate, one of Leicesters most sought after suburbs.
The apartment is located on the second floor of this purpose built block. Now requiring modernisation but with scope to turn into a great home or excellent buy to let investment.
Good room sizes throughout and with a garage in a block to the rear and residents parking.
Estimated rental value once modernised is £850 per calendar month/ £10,200 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
A superd addition to any rental portfolio.
Communal entrance with stairs to second floor and secure door entry.
Having useful built instorage cupboards, wood flooring and electric radiator.
Electric radiator and double glazed window to rear elevation:
Fitted with a range of base and wall units with work surface over, including stainless sink unit and tiled splashbacks, space for appliances & double glazed window to front elevation.
Having built in wardrobes, electric radiator and double glazed window to rear elevation.
Having built in wardrobes, electric radiator and double glazed window to front elevation.
Fitted with a three piece suite comprising low level wc, pedestal sink & panelled bath electric radiator and double glazed opaque window to front elevation.
Garage No 6 in block: The garage could be let separately from th eflat to generate more income. Single garages tend to let for £50-£75 pcm.
The property is set in well maintained grounds with driveway and residents car parking.
Service Charge approximately £60 per month. Leasehold with 99 year lease from November 1974. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
50
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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 (and any applicable Home Report for residential Scottish properties).
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.
