285, Down Road, Portishead, Bristol, BS20 8HZ

Auction Guide £295,000 - For Sale

2
  • 27 June LIVE ONLINE AUCTION
  • Large detached bungalow in highly desirable area
  • Substantial plot measuring approx. 7,517.37sq ft (0.17 acres)
  • Prime redevelopment opportunity
  • 8-week completion

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2-bedroom detached bungalow, located on the sought-after Down Road in Portishead. Down Road comprising 2 double bedrooms, a lounge, kitchen, dining room, family bathroom and detached garage. The property, although currently in a run-down condition, boasts immense potential for transformation into a stunning family home or a profitable investment. Further benefits include an expansive front and rear garden and detached garage and ample off street parking.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 27 June 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWINGS -

By appointment.

SUMMARY -

LARGE DETACHED BUNGALOW FOR RENOVATION - DEVELOPMENT POTENTIAL

DESCRIPTION -

This 2 bedroom detached bungalow, located on the sought-after Down Road in Portishead, presents a unique opportunity for builders and developers looking for a renovation project. The property, although currently in a run-down condition, boasts immense potential for transformation into a stunning family home or a profitable investment. Further benefits include an expansive front and rear garden and detached garage and ample off street parking.

LOCATION -

Nestled in a highly desirable neighbourhood in Portishead, 285 Down Road enjoys a peaceful setting while being conveniently close to local amenities, including shops, schools, and transport links.

ACCOMMODATION -

Please refer to floorplan for approximate room measurements and internal layout.

BUNGALOW -

Comprising a reception room, 2 double bedrooms, family bathroom, kitchen and dining room.

OUTSIDE -

Situated on a sizeable plot measuring approx. 698.39 m² (7,517.37sq ft) the property benefits from expansive gardens including a south easterly facing rear garden. Further benefits include a detached garage and large driveway for off street parking.

COMPLETION -

Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.

ENERGY PERFORMANCE CERTIFICATE (EPC) -

Rating: tbc

TENURE -

We understand the property to be freehold. Please refer to the legal pack for confirmation.

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.

Floorplan for Down Road, Portishead, Bristol