SOLD FOR £120,500
A bright and well-proportioned 1 bedroom ground floor flat with gardens to the front and rear, situated in a convenient residential location on The Crescent in Sea Mills. The property could benefit from updating works and once complete, will make a fantastic high-yielding investment opportunity or first-time buy.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 13 October 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWING -
By appointment
SUMMARY -
SOLD FOR £120,500 - SPACIOUS 1 BEDROOM FLAT WITH LARGE GARDEN
DESCRIPTION -
Very spacious 1 bedroom ground floor flat in need of updating. The property benefits from a garden to the front and rear. This is a perfect buy to let investment with an estimated rental income of £800 - 825pcm. Alternatively this would make an excellent project for a first time buyer.
LOCATION -
The Crescent is situated off Shirehampton Road. Very conveniently situated for local amenities.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
FLAT -
Ground floor flat with accommodation comprising: hallway, kitchen, lounge/dining room, large double bedroom, bathroom. The property also benefits from part of the garden to the front and rear.
COMPLETION -
Completion for this lot will be 4 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE -
Rating: C
COUNCIL TAX BAND -
The council tax band is A
LENGTH OF LEASE -
The property is to be sold on a leasehold basis. The lease was granted for a term of 125 years from 15 May 2000.
GROUND RENT -
A ground rent of £10 per year is payable.
SERVICE CHARGE -
The legal pack will confirm if there is a service charge.
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.
