25, Comb Paddock, Westbury-on-Trym, Bristol, BS9 4UG

Auction Guide £325,000 - For Sale

3
  • 27 June LIVE ONLINE AUCTION
  • Modern 3/4-bedroom end of terrace house
  • Currently let producing £26,880 PA
  • Driveway and South-facing rear garden
  • 8-week completion

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This 3-bedroom end of terrace house situated on the borders of Westbury-on-Trym and Henleaze would perfectly suit any investor looking to add to their portfolio. The property is currently let to Clearsprings producing circa £2,240 pcm (£26,880 per annum) and presents an excellent residential investment opportunity. There is a driveway to the front of the house providing off-street parking and a good-sized garden to the rear.

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 -

THREE-BEDROOM END OF TERRACE HOUSE CURRENTLY ARRANGED AS A 4-BEDROOM HMO

DESCRIPTION -

This 3-bedroom end of terrace house situated on the borders of Westbury-on-Trym and Henleaze would perfectly suit any investor looking to add to their portfolio. The property is currently let to Clearsprings producing circa £2,240 pcm (£26,880 per annum) and presents an excellent residential investment opportunity. There is a driveway to the front of the house providing off-street parking and a good-sized garden to the rear.

LOCATION -

The property is located on Comb Paddock, nestled between the charming neighbourhoods of Henleaze and Westbury-on-Trym. Access is readily available to a fantastic selection of traditional high street shops including a greengrocers, butchers, bakeries, cafes and restaurants on Henleaze High Street, North View and Westbury Village. Just a short walk away you can explore the beautiful green surroundings, including the expansive Canford Park, the Durdham Downs, and Henleaze Swimming Lake.

ACCOMMODATION -

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

GROUND FLOOR -

The ground floor comprises a modern kitchen, dining room, sitting room/ bedroom, WC and storage cupboard.

FIRST FLOOR -

The first floor is comprises 3 bedrooms and a modern bathroom.

OUTSIDE -

To the front of the property is a lawn and driveway providing off-street parking. To the rear, there is a good sized south facing garden.

TENANCY DETAILS -

The property is let to Clearsprings Ready Homes Ltd from 1st April 2024 producing an annual rent of £26,880 PA. Please refer to the auction legal pack for a copy of the tenancy agreement.

TENURE -

The property is to be sold on a freehold basis, subject to the above tenancy agreement.

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.

Floorplan for Comb Paddock, Westbury-on-Trym, Bristol
EPC Graph for Comb Paddock, Westbury-on-Trym, Bristol