Soundwell Road, Staple Hill, Bristol

Guide Price £240,000 - For Sale

  • For Sale By Public Auction
  • Tuesday 3rd November 2020
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

REMOTE BIDDING FORM

VIDEO TOUR

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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The above is offered for indicative purposes only and should not be relied upon. Rates will vary lender to lender and subject to the customer’s specific circumstances. Fee’s may also apply.

Property Details

A deceptively spacious mid-terraced period property that is currently arranged as a 6-bedroom HMO. The property has previously been let to students and is now offered for sale with vacant possession. The spacious living accommodation would benefit from some updating, following which the property could generate a gross income in excess of £32,000 per annum. The property is conveniently located for access to a range of amenities on Staple Hill high street and benefits from an enclosed rear garden and a sizeable garage. 6 WEEK COMPLETION AVAILABLE

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 3rd November 2020 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment

SUMMARY -

SUBSTANTIAL 6-BEDROOM HMO - POTENTIAL INCOME IN EXCESS OF £32,000 PER ANNUM

DESCRIPTION -

A mid-terraced 6-bedroom HMO offering spacious living accommodation and three shower rooms. Previously let to students, the property is now offered for sale with vacant possession and could easily be let to students or professionals following basic updating works. Further benefits include an enclosed garden and a sizeable garage at the rear with access via Midland Road. An excellent and potentially high-yielding rental investment.
6 WEEK COMPLETION AVAILABLE

LOCATION -

The property is conveniently located on Soundwell Road with easy access provided to a wide range of local amenities on Staple Hill high street.

ACCOMMODATION -

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

GROUND FLOOR -

Comprising a large open-plan living/dining room, kitchen, two bedrooms and a shower room.

FIRST FLOOR -

Comprising four further bedrooms and two shower rooms.

OUTSIDE -

The property benefits from a low-maintenance garden to the rear laid mostly to patio with a sizeable garage with access via Midland Road.

ENERGY PERFORMANCE CERTIFICATE -

Rating: C

SOLICITOR -

Samantha Grimwood, Clarke Willmott
Telephone: 0345 209 1312
Email: samantha.grimwood@clarkewillmott.com

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 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, TELEPHONE & ONLINE REMOTE BIDDING -

The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which 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 a cheque/bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

PRELIMINARY DEPOSITS -

The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000

If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,200 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.

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Maggs & Allen use all reasonable endeavours 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.