SOLD FOR £922,000. An attractive and spacious Victorian semi-detached house (approx. 3,000 sq ft), situated in a fantastic location in the heart of St Andrews. This imposing four storey property is arranged as three large self-contained flats and was previously let to students at circa £66,000 per annum providing 11 bedrooms in total across the three flats. To the rear of the property is a 40 ft south-easterly facing garden and the paved front garden offers scope to create off-street parking, subject to consents. **EXTENDED 8 WEEK COMPLETION AVAILABLE**
FOR SALE BY LIVE ONLINE AUCTION -
This property is due to feature in our online auction on 23rd September 2021 at 18.00. Bidding is via proxy, telephone or online remote bidding. EXTENDED 8 WEEK COMPLETION AVAILABLE.
SOLD FOR £922,000
SOLD FOR £922,000
An attractive and spacious Victorian semi-detached house (approx. 3,000 sq ft), situated in a fantastic location in the heart of St Andrews. This imposing four storey property is arranged as three large self-contained flats and was previously let to students at circa £66,000 per annum providing 11 bedrooms in total across the three flats. To the rear of the property is a 40 ft south-easterly facing garden and the paved front garden offers scope to create off-street parking, subject to consents.
The property is in need of refurbishment throughout and is offered for sale with vacant possession, which presents vast potential for a variety of different uses (subject to consents) including:
- Conversion back to a substantial family home - GDV in the region of £1,175,000 - £1,200,000.
- Refurbishment of the three flats for continued rental - Potential rental income of circa £85,000 per annum.
- Refurbishment/reconfiguration of the flats for re-sale - GDV in the region of £1,185,000 - £1,200,000.
The property is situated in a superb position on Walsingham Road, just one street away from St Andrews Park. Easy access is provided to a wide range of independent shops, bars and restaurants on Gloucester Road.
Please refer to floorplan for approximate room measurements and internal layout.
GROUND & BASEMENT LEVEL MAISONETTE -
Accessed via the central communal hallway on the ground floor, the ground floor comprises five bedrooms, a kitchen, utility room and bathroom. Stairs lead down to the basement level, which provides a living room door onto the rear garden and a WC.
FIRST FLOOR FLAT -
Comprising a lounge, kitchen, three bedrooms and a bathroom with separate WC.
SECOND FLOOR FLAT -
Comprising three bedrooms, a kitchen, utility room and bathroom.
The property is to be sold on a freehold basis with vacant possession upon completion (with the exception of any fixtures, fittings and furniture that remain in situ).
LOCAL AUTHORITY -
Bristol City Council.
ENERGY PERFORMANCE CERTIFICATES -
Ground & Basement Flat - Energy Rating E.
First Floor Flat - Energy Rating E.
Second Floor Flat Energy 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.
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.