A 3-bedroom mid-terraced period house in need of some updating, situated in the convenient area of Kingsthorpe in Northampton. The property is currently let producing £650 pcm and would make a superb continued rental investment with excellent scope to add value.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 29 June 2023 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
EXTERNAL VIEWINGS ONLY
SUMMARY -
3-BEDROOM PERIOD TERRACED HOUSE
DESCRIPTION -
A 3-bedroom mid-terraced period house in need of some updating, situated in the convenient area of Kingsthorpe in Northampton. The property is currently let producing £650 pcm and would make a superb continued rental investment with excellent scope to add value.
LOCATION -
Once a village, Kingsthorpe is now a suburb to the northwest of Northampton town centre. With excellent main road access and Northampton’s mainline train service to London Euston and Birmingham New Street, transportation links from this very popular area are well catered for.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR -
Comprising of an entrance hall, lounge/diner, kitchen and bathroom.
FIRST FLOOR -
Comprising of three bedrooms.
OUTSIDE -
The property benefits from a 60ft garden to the rear.
TENANCY DETAILS -
The property has been let to the same tenant since August 2007 and is let on an AST dated 30 May 2017 at a current rent of £650 pcm.
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE -
Rating: E
TENURE -
The property is to be sold on a freehold basis, subject to the current AST.
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,250 plus VAT (£1,500 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 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 (£1,500 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.
