An impressive and spacious 2-bedroom apartment (approx. 1,199 sq ft) occupying the entire lower ground floor of this ornate Grade II* listed period terrace in the heart of Clifton. The property is in need of refurbishment and includes a private garden to the rear. Situated in an enviable position overlooking Victoria Square, the property will appeal to builders, developers and private buyers seeing a renovation project.
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 £382,000 - SUBSTANTIAL 2-BEDROOM GARDEN FLAT FOR REFURBISHMENT
DESCRIPTION -
An impressive and spacious 2-bedroom apartment (approx. 1,199 sq ft) occupying the entire lower ground floor of this ornate Grade II* listed period terrace in the heart of Clifton. The property is in need of refurbishment and includes a private garden to the rear. Situated in an enviable position overlooking Victoria Square, the property will appeal to builders, developers and private buyers seeing a renovation project.
LOCATION -
The property enjoys a fantastic position overlooking the highly desirable Victoria Square, an open Georgian park with many seating areas. The property offers level access to the wide range of amenities that Clifton Village has to offer including café's, restaurants, shops, bars and boutiques as well as convenient bus route access to Whiteladies Road and Park Street. Durdham Downs is nearby with 400 acres of recreational space and there are a number of highly regarded state and independent schools in proximity.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
RESALE & RENTAL VALUES -
Once the flat has been refurbished, we would anticipate the following resale and rental values:
RESALE VALUE: £575,000
RENTAL VALUE: £2,500 PCM (£30,000 PA)
GARDEN FLAT -
The property is approached via steps at the front of the property from the pavement that lead down to a front courtyard where the flat's private entrance is located. Internally, the property comprises a kitchen, a generous 21 ft living room with stripped wooden floor boards and a beautiful sash window with shutters to the front, a bathroom and two bedrooms to the rear of the building. Double doors from the master bedroom lead onto a private rear garden laid mostly to patio.
TENURE -
The property is for sale on the residue of a 999 year lease from 10th May 1973. Please refer to the online legal pack for further details.
SERVICE CHARGE -
We are informed by the vendor that the current service charge is approximately £600 per year. Please refer to the auction 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: 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 - £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.
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.
