IDEAL BUY TO LET INVESTMENT
A first floor two-bedroom flat with an allocated parking space, situated in a convenient location in Kingswood with easy access to local amenities and excellent transport links to the city centre. The property has been tenanted in recent years but is now offered for sale with vacant possession. An ideal opportunity for first time buyers or investors with a potential rental income in the region of £12,000 per annum.
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 £129,000 - TWO-BEDROOM FIRST FLOOR FLAT WITH PARKING SPACE - POTENTIAL RENTAL INCOME OF £12,000 PA
DESCRIPTION -
A first floor two-bedroom flat with an allocated parking space, situated in a convenient location in Kingswood with easy access to local amenities and excellent transport links to the city centre. The property has been tenanted in recent years but is now offered for sale with vacant possession. An ideal opportunity for first time buyers or investors with a potential rental income in the region of £12,000 per annum.
LOCATION -
The property is situated just off Two Mile Hill Road in Kingswood. A wide range of local amenities are available on Kingswood High Street and excellent transport links are provided to the city centre.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
FIRST FLOOR FLAT -
The property is approached via a communal entrance serving the ground and first floor flats. The first floor flat comprises a living room, two bedrooms, kitchen and shower room. The flat benefits from an allocated parking space to the rear of the building.
POTENTIAL RENTAL INCOME -
We would anticipate a market rent in the region of £1,000 pcm with potential to increase to £1,100 following cosmetic improvements.
TENURE -
The property is for sale on the residue of a 999 year lease from 2003. Please refer to the online legal pack for further details.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
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
*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.
