End of terrace house
This three bedroom end terraced house in Knottingley, WF11, will appeal to a range of investors. The property is currently let, to a longstanding tenant of 5 years, and is generating an income of £5,700 per annum. Local rents levels have increased significantly in the past 12 months with three bedroom houses achieving closer to £750-£900 per calendar month. Should the property become vacant, there may be an opportunity to increase rents, add value, or sell on to a homeowner for a profit. It benefits from central heating and double glazing.
We have been advised by the seller that the property will have a new roof by the time completion takes place and scaffolding is now on site. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
At the time of writing, a two bedroom semi-detached house on Lamb Inn Road was showing as SSTC from an asking price of £125,000. This suggests the subject property is competitively priced and is not to be missed.
Location:
Knottingley is ideally positioned for the A1 or M62, providing access to Leeds and Hull. The property itself is approximately half a mile from the town centre, supermarkets and amenities.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Rivers and Seas No Risk. Surface Water Very Low.
O2, EE, Three and Vodafone are available.
Standard 16 mbps. Superfast 78 mbps.
BT, Sky and Virgin are available.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and 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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,800 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.
