CASH BUYERS ONLY
An excellent opportunity to purchase a tidy 2 bedroom end of terrace property of non-traditional construction, that is currently loosely arranged as two non self-contained flats and is fully let a producing a total rent of £13,800 per annum. The property benefits from extensive parking to the front and a sizeable south easterly facing garden to the rear. The property offers potential to 'brick up' and possibly extend to the side/rear (subject to consents) and the adjoining property in the terrace has already had these repair works carried out.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 30 June 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
Strictly by Appointment with Maggs and Allen.
SOLD FOR £192,000
END OF TERRACE NON-TRADITIONAL CONSTRUCTION HOUSE WITH HUGE POTENTIAL
A well-presented end of terrace property of non-standard construction. The property is currently arrange to provide a lounge, bedroom and kitchen on the ground floor with a further bedroom, lounge, walk in wardrobe and bathroom on the first floor. Both rooms are currently let with the property achieving a total of £13,800per annum making it an excellent rental investment. The property offers potential to carry out the necessary repair works in order to make it suitable for conventional mortgage lending (subject to consents) and the adjoining house has already had these works completed.
The property is situated in a convenient location on Newton Drive just a short distance from a wide range of local amenities at the Gallagher Retail Park. Easy access is provided to Bristol and Bath via the A4 Bath Road. The property is also within walking distance to Coronation Park which is popular with local residents.
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR -
Comprising an entrance hall, lounge, bedroom and kitchen.
FIRST FLOOR -
Comprising a bedroom, lounge, bathroom and box room currently used as a walk in wardrobe.
The property benefits from a large driveway to the front of the property, stores to the side and a large south easterly facing garden to the rear.
RENTAL DETAILS -
We understand from the Vendor that the property is let to two separate tenants on Assured Shorthold Tenancy agreements at £590 pcm and £560 pcm respectively. Please refer to the tenancy agreements in the online legal pack.
ENERGY PERFORMANCE CERTIFICATE -
We understand the property to be freehold. Please refer to legal pack to confirm this.
COUNCIL TAX BAND -
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.