Milford Street, Southville, Bristol

Guide Price £550,000 - For Sale

  • For Sale By Public Auction
  • Tuesday 4th May 2021
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

REMOTE BIDDING FORM

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 rare opportunity to acquire an attractive and spacious three storey townhouse (approx. 1,974 sq ft), situated on what is possibly Southville's most sought after street. The property offers outstanding potential to create one of the most desirable homes in the area. Work has been commenced (with full planning approval and building control inspections) and now requires finishing to complete this 5-bedroom house (including 3 large doubles), 2 bath/shower rooms, and a large (590 sqft) block-built extension with vaulted ceiling providing what will become a delightful open plan kitchen/diner/living space. Within easy walking distance of Southville's North Street and the harbourside, the house additionally benefits from a good sized South facing garden and the added rarity of a large block-built garage/workshop. A superb opportunity for private buyers and developers looking to secure a fine family residence/investment in this sought after location. EXTENDED 8 WEEK COMPLETION AVAILABLE

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 4th May 2021 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment

SUMMARY -

SUBTANTIAL 5-BEDROOM RENOVATION PROJECT ON SOUTHVILLE'S MOST SOUGHT-AFTER STREET

DESCRIPTION -

A highly impressive and substantial three storey period townhouse that offers the potential to create one of the most desirable homes in Southville. The property has space and scale in abundance and benefits from a level South facing rear garden, a large garage/workshop and a recently constructed 6.6m rear extension, which will become a stunning kitchen/dining/living space with vaulted ceiling and doors onto the rear garden. Works to the property have commenced and further works are now required to complete this superb project.
EXTENDED 8 WEEK COMPLETION AVAILABLE

LOCATION -

The property is situated within the Milford Street home zone area adjacent to Southville Primary School and 5 minutes walk from the bustling North Street and Tobacco Factory theatre. The city centre of Bristol, Wapping Wharf and the Harbourside are all within easy reach.

GROSS DEVELOPMENT VALUE (GDV) -

We would anticipate a finished value of the property in the region of £825,000.

ACCOMMODATION -

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

GROUND FLOOR -

Comprising an entrance hall, lounge with bay window to the front, central staircase with oak newel posts fitted, space for an under stairs utility room/WC and a substantial full width extension to the rear which will become a fantastic kitchen/dining/living space with doors onto the rear garden.

FIRST FLOOR -

Comprising two large double bedrooms and what will become the main bathroom.

SECOND FLOOR -

Comprising a further double bedroom with stunning panoramic views to the rear, two further bedrooms (or potential to create one large double) and space for a further shower room.

OUTSIDE -

The property benefits from a level South facing garden to the rear leading to a substantial and recently re-built double garage/workshop with vehicular access from Greville Street that may offer further development potential, subject to consents.

BUILDING WORKS -

The following works have been carried out at the property:
-Single storey extension with full planning approval/building control inspections completed to current state.
-Full double glazing installed by FENSA registered installer - certificate will be provided.
-Partial first-fix electrics by NICEIC registered company - details of company can be provided on completion if required for continuity.
-First fix staircase with oak newel posts.
-Through-coloured render applied to main rear elevation.
-Armoured electric cable has been laid to the garage for power (including electric garage door if required).
-Rainwater drainage has also been laid.
-Pipe (blue) is laid for an outside tap.
-Stone has been laid in the garden as the base for 2 slabbed patio areas and a path to the garage.

ENERGY PERFORMANCE CERTIFICATE -

Rating: E

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.