SOLD FOR £274,000 - An end of terrace period house in need of complete renovation offering excellent scope to add value. Situated in a highly sought after residential location just 30 metres from the beautiful Victoria Park, the property will appeal to builders, developers and DIY enthusiasts seeking a refurbishment project. There is also a charming courtyard garden to the rear.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 14 September 2023 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD FOR £274,000 - PERIOD END-TERRACED HOUSE FOR RENOVATION
DESCRIPTION -
An end of terrace period house in need of complete renovation offering excellent scope to add value. Situated in a highly sought after residential location just 30 metres from the beautiful Victoria Park, the property will appeal to builders, developers and DIY enthusiasts seeking a refurbishment project. There is also a charming courtyard garden to the rear.
We would anticipate a resale value in the region of £395,000 following the refurbishment.
LOCATION -
Nottingham Street runs between Hill Avenue and St Johns Lane in Victoria Park, which is conveniently located between Southville and Totterdown. A wide range of local amenities are within reach including cafés, bars, bakers, schools, and great links are provided into the city centre. Temple Meads train station is only 0.8 miles away and Wapping Wharf is only 1.1 miles on foot.
ACCOMMODATION -
The ground floor comprises of an entrance hall, open-plan living/dining room, kitchen and shower room. On the first floor are two double bedrooms and a third bedroom/bathroom accessed via bedroom two.
Please refer to floorplan for approximate room measurements and internal layout.
OUTSIDE -
The property benefits from a charming rear courtyard garden laid mostly to patio.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
TENURE -
The property is for sale on a freehold basis with vacant possession.
ENERGY PERFORMANCE CERTIFICATE -
Rating: D
LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk.
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.
