Perfect Buy To Let Investment. CASH BUYERS ONLY
Ground Floor Flat with 2 double bedrooms in need of updating with garden and garage. Situated in a popular cul-de-sac in Stoke Gifford within close proximity to local amenities and transport links including 0.3 mile walk from Parkway Train Station.
The property is offered with vacant possession with a the remainder of a 99 year lease and has 49 years remaining.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 25 April 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD FOR £137,000 - GROUND FLOOR 2 BEDROOM FLAT WITH GARDEN AND GARAGE - CASH BUYERS ONLY
DESCRIPTION -
Perfect Buy To Let Investment. CASH BUYERS ONLY
Ground Floor Flat with 2 double bedrooms in need of updating with garden and garage. Situated in a popular cul-de-sac in Stoke Gifford within close proximity to local amenities and transport links including 0.3 mile walk from Parkway Train Station.
The property is offered with vacant possession with a the remainder of a 99 year lease and has 49 years remaining.
LOCATION -
Ideally located on the Royal Development close to Parkway Station. The location of this flat benefits from great access to M5, M4 and M32 as well as the Metro Bus links and major recruiters all nearby. There are schools, colleges and Bristol UWE University a short drive from the home making Stoke Gifford the ideal area for families and professionals as well as a short walk from local amenities such as Tesco Express & a GP in Stoke Gifford.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR FLAT -
The well planned accommodation includes Hallway, Lounge/Dining Room, Kitchen, Bathroom and 2 double bedrooms.
OUTSIDE -
Externally the flat benefits from a Garage and an enclosed rear garden. There is also an off road parking space in front of the property.
RENTAL ESTIMATES -
Once works have been carried out the rental price would be in the region of £1200 per month.
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C
TENURE -
Leasehold.
LENGTH OF LEASE -
Remainder of a 99 Year lease with 49 years remaining.
GROUND RENT -
We understand there is a ground rent of £120 per annum. Please refer to the legal pack.
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 - £150,000: £5,000
£151,000 and above: £10,000
If you 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 houra of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.
