An end of terrace property occupying a sizeable plot that is currently arranged as two, self-contained 1-bedroom flats that are in need of modernisation. There is a driveway to the front/side and a tiered garden to the rear with vehicular access via a rear lane. The property would make an excellent rental investment, break-up opportunity or could be converted back to a family house.
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 £301,000 - REFURBISHMENT PROJECT - ARRANGED AS 2 X 1-BEDROOM FLATS
DESCRIPTION -
An end of terrace property occupying a sizeable plot that is currently arranged as two, self-contained 1-bedroom flats that are in need of modernisation. There is a driveway to the front/side and a tiered garden to the rear with vehicular access via a rear lane. The property would make an excellent rental investment, break-up opportunity or could be converted back to a family house.
LOCATION -
The property is situated on Queens Road in a popular residential location in Knowle. Easy access is provided to a wide range of local amenities on Wells Road and excellent transport links to Bristol and Bath are available via the A4 Bath Road.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR FLAT -
Comprising of an entrance hall, living room, double bedroom, kitchen and shower room.
FIRST FLOOR FLAT -
Comprising of an entrance hall, living room, double bedroom, kitchen and bathroom.
OUTSIDE -
The property benefits from a driveway to the front/side and a generous 55 ft garden to the rear.
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.
Once renovated and subject to finish, we anticipate rental values of:
GFF Garden flat: £1,050 pcm
FFF: £975 pcm
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
TENURE -
The property is to be sold on a freehold basis with vacant possession.
ENERGY PERFORMANCE CERTIFICATES (EPCs) -
Ratings:
Ground Floor Flat: D
First Floor Flat: 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 - £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.