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16 Russet Road, Manchester M9 8BN

Auction Event
 

Guide Price £75,000 - £90,000 plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 25th July 2024

9.00am
Key Features
  • Council Tax Band: A
  • Guide Price Range: £75,000 - £90,000
  • Three Bedroom Terrace House
  • Requires upgrading and modernisation
  • High demand BTL Location - Potential rental revenues in excess of £15k pa
  • Two Reception Rooms, First Floor Bathroom, Front and Rear Gardens
  • Popular residential location close to a wide range of local amenities
  • Viewings Available
  • EPC Rating: F
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Terraced House

Property Description:

A three bedroom vacant freehold terraced house requiring modernisation and offering huge potential to add value.

This terraced home with 3 bedrooms and 2 reception rooms, once refurbished offers great potential to sell as a family home or rent out to tenants. Three bed BTL properties in the area are in extremely high demand and can command yearly rental incomes in excess of £15k, making this property an exceptional investment opportunity.

The accommodation briefly comprises an entrance way, a spacious living room, a dining room and a kitchen which are all in need of refurbishment.

To the first floor is an inviting landing area through to three well-proportioned bedrooms and a bathroom.

Externally, the property benefits from front and rear gardens.

This mid terraced home is located on the outskirts of Manchester City Centre with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more.

The area also offers excellent road connections to the M60, M62 and the M67 and transport links for travel both locally and further afield.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested bidders enquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Accommodation
Ground Floor:
Entrance Hall
Living Room - 13ft 1 x 9ft 9
Dining Room - 15ft 6 x 13ft 5
Kitchen - 13ft x 8ft 1
First Floor:
Landing
Bedroom One - 13ft 9 x 11ft
Bedroom Two - 13ft 6 x 8ft 4
Bedroom Three - 8ft 2 x 8ft
Bathroom
Additional Information:

Construction Material: Standard brick. Heating: Room heaters, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, EE and Three show as high in this area, and Vodafone as medium. Satellite and Cable - BT, Sky and Virgin show as available.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

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.

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.