Terraced House
A potential high yielding residential investment opportunity, to acquire an attractive character town house, arranged over three floors, converted into a four bedroomed HMO style property, situated in the city centre, currently offered for sale with immediate vacant possession.
In our opinion if the necessary improvements are made to the property, we would estimate a combined gross rental income of circa £25,000 per annum, this would represent an impressive 18.5% return on the guide price.
Internally the uPVC double glazed and gas central heated living accommodation consists of, entrance hall with staircase, self contained flat with open plan living kitchen, bedroom with en-suite shower room. There is a further passage with door to cellar and access to a communal fitted with built-in-appliances. To the first floor landing there is a small fitted kitchen, shower room, rear double bedroom, lobby and a double bedroom bedroom to the front with en-suite shower. To the attic room there is self contained flat with open plan living kitchen, bathroom and separate room/occasional guest bedroom. Please note we have not seen evidence of the loft conversion approval.
Outside to the front the property is set nicely back from the road behind an attractive stone built built with wrought iron railings. To the rear there is an enclosed manageable sized garden.
The property is located along a parade of appealing town houses, situated within literally yards of the city centre, currently undergoing a scheme of regeneration.
Excellent BTL residential investment opportunity.
Additional Information
Parking Arrangements: On street
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Mains gas
Building construction: Solid brick
Flood Risk: Very low
Broadband: Standard, Superfast and Ultrafast available
Mobile Signal: O2, EE, Three and Vodafone available
Satellite and Cable TV Availability: BT, Sky and Virgin
16ft 8 x 3ft 2
13ft 3 x 11ft 5 into chimney recess
9ft 1 max x 8ft 1 max
4ft 9 x 4ft 6
9ft 9 x 7ft 7
7ft 7 x 5ft 6
7ft 6 x 5ft 9
13ft 3 x 9ft into chimney recess
5ft 7 x 5ft 5
15ft 1 into chimney recess x 13ft 4
7ft 7 x 3ft 5
15ft 9 x 10ft 8
No measurements
13ft 3 x 9ft 5 restricted height
These sales details are awaiting vendor approval.
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.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
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.
