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185 Toll End Road, Tipton DY4 0HF

Auction Event
 

Guide Price £150,000+ 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 30th January 2025

9.00am
Key Features
  • Council Tax Band: B
  • A Freehold Semi Detached Residential Investment Property
  • Current Gross Income: £28,600 per annum with scope to increase
  • EPC Rating: E
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Semi-detached house

Property Description:

A freehold semi-detached residential investment property set back from the road behind a short fore garden with rear garden providing some off road parking.

Ground Floor
Entrance Porch, Hall, Kitchen with Dining Area, Shower Room and WC, rear Lobby, WC and Store. Two Bedsitting Rooms with small kitchenettes.

First Floor
Landing, Bathroom/WC, Box Room, Three Bedsitting Rooms with kitchenettes.

Outside
Small Front Garden and Rear Garden offering some off road parking.

The property has the benefit of gas fired central heating and UPVC double glazing.

Tenancy Details
Five bedsitting rooms let on Assured Shorthold tenancies at £550 per week combined gross.

Total gross rental income: £28,600 per annum.

Flood Risk

Rivers and Seas No Risk. Surface Water Very Low.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available.

Satellite and Cable TV Availability

BT, Sky and Virgin are available.

Broadband (estimated speeds)

Standard 15 mbps. Superfast 80 mbps.

Tenure:

Freehold. Subject to tenancy.


Utilities Information
  • Heating Supply: Double Glazing, Gas
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Off 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 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 1.2% of the purchase price (subject to a minimum 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.