11 Abbey Street, Cinderford, Cinderford, GL14 2NP

Guide Price £200,000 - For Sale By Auction - LOT 26

WELL PRESENTED DETACHED 5 BEDROOM HMO

  • For Sale By Public Auction
  • Thursday 19th April 2018
  • County Cricket Ground, Bishopston BS7 9EJ
  • Legal Packs via our website

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

A substantial and recently renovated detached house that is currently arranged as a 5 bedroom HMO (House of Multiple Occupation). The property is fully let producing approximately £25,980 per annum and benefits from a sizeable garage to the rear and good-sized wrap around gardens to the front, sides and rear. An excellent high-yielding investment opportunity.

FOR SALE BY AUCTION -

This property is due to be auctioned on the 19th April 2018 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

By appointment

SUMMARY -

WELL PRESENTED DETACHED 5 BEDROOM HMO

DESCRIPTION -

A substantial detached house that has been tastefully renovated by the current owners and is arranged as a 5 bedroom HMO. The property benefits from a sizeable garage and wrap around gardens and is fully let producing approximately £25,980 per annum.

LOCATION -

The property is situated on Abbey Street which runs parallel to Belle Vue Road and Church Road in Cinderford, a popular town on the eastern fringe of the Forest of Dean in Gloucestershire. Easy access is provided to Gloucester via the A48 which is located approximately 15 miles to the West.

ACCOMMODATION -

Please refer to floorplan for approximate room measurements and internal layout.

GROUND FLOOR -

Comprising a Lounge/Diner with stripped wooden floorboards and dual aspect windows, a modern Kitchen/Breakfast Room with integrated appliances, Bedroom 1, a utility room, sun room and a large garage with access to the cellar.

FIRST FLOOR -

Comprising the remaining 4 Bedrooms and a modern shower room.

GARAGE -

The property benefits from a large garage to the rear with access to the cellar and an additional cloakroom with WC, wash hand basin and a combination boiler.

OUTSIDE -

The property sits fairly centrally on a good-sized plot with gardens to the front, sides and rear. A driveway provides further off-street parking in front of the garage.

RENTAL DETAILS -

We are informed by the vendor that each room is let on an Assured Shorthold Tenancy agreement producing £433 per month (inclusive of bills) giving a total gross rental income of £25,980 per annum. Copies of the tenancy agreements will be available in the online legal pack.

ENERGY PERFORMANCE CERTIFICATE -

Rating: D.

SOLICITOR -

Mr G Horsey
Direction Law
31 Watley Street
Canterbury
Kent CT1 2UD
Telephone: 01227 812642
Email: guy.horsey@directionlaw,co.uk

BUYERS PREMIUM -

Please be advised that all purchasers are subject to a £750 plus VAT (£900 inc VAT) buyer's premium payable upon exchange of contracts.

*GUIDE PRICE -

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

RESERVE PRICE -

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

PROXY BIDDING -

If you are unable to attend the auction then you can submit a proxy bid. This will authorise a representative of Maggs & Allen to bid on your behalf up to a pre-set amount. The proxy bidding form is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and 2 cheques (one for the 10% deposit and one for the buyer's premium of £900 inc VAT) is required by the auction department no later than 4pm on the day of the auction.

ATTENDING THE AUCTION -

If you are intending to bid and are successful, the following will be required:
* Proof of identity (valid passport or photo driving licence).
* Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
* 10% deposit payment.
* Buyer's premium payment.
* Details of your solicitor.

DEPOSIT & BUYERS PREMIUM PAYMENTS -

Forms of acceptable payment:

* Cheque
* Bankers Draft
* Debit Card Payment

For card payments:
Please ensure that you advise your bank of the potential payment prior to the auction.

New room -

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Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.