8, Victoria Park, Fishponds, Bristol, BS16 2HJ

Auction Guide £335,000 - For Sale

  • For Sale By LIVE ONLINE AUCTION
  • Thursday 26th May 2022
  • Remote Online, Proxy & Telephone Bidding
  • Legal Packs via our website

An attractive and substantial Victorian terraced property arrange as two large, recently refurbished 2-bedroom flats, situated in a highly convenient residential location just off Fishponds Road. Both flats benefit from modern fitted kitchens and bathrooms, double glazed windows and doors throughout and gas central heating with modern combination boilers. To the rear of the property is a level rear garden that is currently laid to hard standing with vehicular access via a rear lane. The property presents an excellent investment opportunity with a potential rental income in the region of £25,800 per annum or would be equally attractive as a break-up opportunity.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 26 May 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment.

SUMMARY -

SOLD FOR £355,000 - FREEHOLD RESIDENTIAL INVESTMENT - TWO LARGE WELL-PRESENTED 2-BEDROOM FLATS

DESCRIPTION -

An attractive and substantial Victorian terraced property arrange as two large, recently refurbished 2-bedroom flats, situated in a highly convenient residential location just off Fishponds Road. Both flats benefit from modern fitted kitchens and bathrooms, double glazed windows and doors throughout and gas central heating with modern combination boilers. To the rear of the property is a level rear garden that is currently laid to hard standing with vehicular access via a rear lane. The property presents an excellent investment opportunity with a potential rental income in the region of £25,800 per annum or would be equally attractive as a break-up opportunity.

LOCATION -

The property is situated on a terraced residential street in Fishponds, just off Fishponds with its wide range of shops, restaurants, cafes and bars. Notable outlets in the immediate vicinity include Porto Lounge, Sainsbury's, The Burger Joint and Co-op. Excellent transport links are provided to the City Centre and M32 motorway and the Oldbury Court Estate is within easy reach.

ACCOMMODATION -

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

GROUND FLOOR FLAT -

Comprising of a lounge with bay window to the front, two bedrooms, a bathroom and a modern kitchen with access onto the rear garden.

FIRST FLOOR FLAT -

Comprising of a large lounge open to a generous kitchen/diner, two bedrooms and a bathroom.

RENTAL POTENTIAL -

We would anticipate the following rental figures for each flat:

Ground Floor Flat (with garden): £1,150 pcm
First Floor Flat: £1,000 pcm

TENURE -

We understand the property is to be sold on a freehold basis with vacant possession. Please refer to the online legal pack for clarification.

ENERGY PERFORMANCE CERTIFICATES -

Ground Floor Flat: Energy Rating D
First Floor Flat: Energy Rating D

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,200 plus VAT (£1,440 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 (£1,440 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.

Floorplan for Victoria Park, Fishponds, Bristol