Situated in the heart of Yate, this generously sized three-bedroom maisonette presents a fantastic opportunity for investors or those looking to add value. With excellent potential to enhance and increase the rental yield, this property is an ideal addition to any portfolio.
The property is conveniently located close to Yate Shopping Centre, local amenities, and provides excellent transport links to Bristol and the motorway network. It is to be sold with vacant possession and benefits from a single lock-up garage in a nearby rank, adding valuable storage or off-street parking.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 24 April 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment
SUMMARY -
THREE-BEDROOM MAISONETTE WITH A SINGLE LOCK-UP GARAGE IN YATE
DESCRIPTION -
A spacious three-bedroom maisonette in Yate presents an excellent investment opportunity. The property offers excellent scope to add value and would make a high-yielding rental investment. The property benefits from convenient access to local amenities, Yate Shopping Centre and transport links to Bristol and the motorway network. The maisonette is to be sold with vacant possession and includes a single lock-up garage in a nearby rank. Ideal for investors looking to add to their existing portfolio, this property offers strong potential in a sought-after location.
LOCATION -
The property is located on Abbotswood, above a pizzeria, just a short walk from Yate Common. Yate is a well-connected town surrounded by scenic countryside, situated to the southwest of the Cotswolds. The A432 runs through the centre of Yate, serving as its main road, while Junction 18 of the M4 is approximately 5.8 miles away, and Bristol city centre is around 11.3 miles from the town. Yate benefits from a train station with mainline connections, a leisure centre, and a large shopping centre that caters to a variety of needs. The town also offers easy access to the bustling High Street of Chipping Sodbury, as well as the surrounding countryside, the Cotswolds, Bath, and Tetbury via the A46.
ACCOMMODATION -
The property is arranged over first and second floors and comprises an entrance porch, kitchen, dining room, living room, three bedrooms, and a bathroom.
Please refer to floorplan for approximate room measurements and internal layout.
GARAGE -
The property includes a single lock-up garage with up and over door in a nearby rank.
TENURE -
The property is for sale on the residue of a 999 year lease. Please refer to the online legal pack for a copy of the lease.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: E
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 £1,500 plus VAT (£1,800 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 (£1,800 inc VAT) must be transferred to our client account within 24 hours 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.
