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31 Ash Road, Newark NG24 4LQ

Auction Event
 

Guide Price £52,000+ 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 29th May 2025

9.00am
Key Features
  • Council Tax Band: A
  • Two bedroom first floor maisonette
  • Own access
  • Excellent scope to add value
  • Potential rental income of £750 per calendar month
  • Very popular residential location
  • Ideal investment property
  • EPC Rating: C
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Maisonette

Property Description:

A well sized first floor maisonette in the popular location of Newark.

The property has it own access and comprises of entrance hallway, lounge, kitchen and two bedrooms. There is also the benefit of a garden.

In fair condition but plenty of scope to add value and on the rental market a return of £750 per calendar month can be expected. Based on comparable evidence.

Ash Road is located just 2 miles from the town centre of Newark on Trent, that has a range of shops, amenities and transport links. The property is located in close proximity from Christ Church C of E Infant and Nursery School and Flaxley Lane Community Park making the property ideal for families.

Entrance hallway -
Lounge -
Kitchen -
Bedroom 1 -
Bedroom 2 -
Garden -
Broadband (estimated speeds) -

Standard - 7 mbps, Superfast - 71 mbps and Ultrafast - 1800 mbps.

Mobile Phone Coverage -

O2, Three, EE and Vodafone available.

Construction Material -

awaiting EPC

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£10

Unexpired Years

83

Annual Service Charge

£350


Utilities Information
  • Heating Supply: Double Glazing
  • 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 1.2% 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.