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8 Newport Street, Wolverhampton WV10 9AQ

Lot no: 151 Auction Event
 

Guide Price £85,000+ plus fees

UnconditionalOn 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 21st November 2024

9.00am
Key Features
  • Council Tax Band: A
  • Mid Terraced House requiring refurbishment
  • Four Bedrooms
  • Living room, kitchen and d/s bathroom
  • Scope to add value
  • Excellent BTL property with substantial rental income potential
  • EPC Rating: C
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Terraced House

Property Description:

A freehold four bedroom mid terraced property set within a cul de sac requiring refurbishment and excellent BTL rental income potential.

The tenants have left and the property is now ready for a refurbishment throughout. The house has four bedrooms, living room, kitchen and D/S bathroom.

BTL rental properties are in high demand locally and the income potential on offer once works completed is significant.

There is a walkthrough video available by clicking on the virtual tour.

There are no viewings available for No. 8 but there are for No. 9 which is an identical property.

Entrance Hall
Bedroom Four - 12ft 4 x 8ft 5
Living Room - 12ft 4 x 11ft 7
Kitchen - 9ft 2 x 6ft 6
Bathroom - 6ft 10 x 6ft 6
Bedroom One - 12ft 4 x 11ft 7
Bedroom Two - 12ft 4 x 7ft 8
Bedroom Three - 9ft 2 x 6ft 6
Additional Information:

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

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

On Street



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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 (subject to a minimum of £6,000 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.
Virtual Viewing