A modern and extended detached 3-bedroom house with a driveway providing off-street parking. The property is offered for sale with vacant possession but has most recently been operating as a licenced as a 5-Bedroom HMO. In addition to the front driveway, the property benefits from a garden to the rear with additional storage sheds. The property could easily be converted back to a residential family home with three bedrooms and four reception rooms or could be re-let as a 5-Bed HMO with a potential rental income in excess of £42,000 per annum.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 16 November 2023 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD FOR £310,000 - AN ATTRACTIVE 5-BEDROOM DETACHED HMO OR LARGE 3/4/5 BED RESIDENTIAL FAMILY HOME
DESCRIPTION -
A modern and extended detached 3-bedroom house with a driveway providing off-street parking. The property is offered for sale with vacant possession but has most recently been operating as a licenced 5-Bedroom HMO. In addition to the front driveway, the property benefits from a garden to the rear with additional storage sheds. The property could be relet as a 5-bed HMO and receive in excess of £42,000 rent per annum. Or the property could easily be converted back to a residential family home with three first floor bedrooms and 4 ground floor reception rooms, up to two of which could be used as additional bedrooms.
LOCATION -
The property is situated on Little Meadow in Bradley Stoke with easy access to the motorway networks and Bristol City Centre.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR -
Comprising an entrance porch, lounge, single bedroom, kitchen, dining room and a rear extension that is currently arranged as a self-contained studio/bedsit with its own kitchen area and shower room. This rear studio in the extension would make a great additional reception/family room/office/study if converting back to a family house.
FIRST FLOOR -
Comprising three good-sized bedrooms and a family bathroom.
OUTSIDE -
To the front there is a driveway providing off-street parking for two or three cars. There is side access leading to the rear garden with a patio seating area and two storage sheds.
SOLAR -
The house benefits from solar power, where electricity generated can be consumed free within the property at the time of generation. From May 2037, all electricity generated will pass to the property owner. Please see the legal pack for further information.
TENURE -
Understood to be freehold, please refer to the legal pack for confirmation.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C
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.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
