Ground Floor Period Flat with Private Entrance – Easton
A well-presented one-bedroom ground floor flat set within an attractive period building on Chaplin Road, right in the heart of Easton. Flat 4 benefits from its own private entrance off Woodborough Street, access to a shared courtyard garden, and has recently been redecorated. While the kitchen and bathroom would benefit from updating, the property offers excellent potential to add value.
An ideal first-time buy or investment opportunity, with an anticipated rental income of around £12,000 per annum.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 18 September at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
ONE-BEDROOM GROUND FLOOR FLAT WITH A SHARED COURTYARD GARDEN
DESCRIPTION -
A one-bedroom ground floor flat with a shared courtyard garden, situated within an attractive period building in the heart of Easton on Chaplin Road. Flat 4 has its own private entrance off Woodborough Street, has been recently redecorated and would benefit from the replacement of the kitchen and bathroom. The property is ideal for any first time buyers looking to get on the property ladder or for investors, with a annual rental income of circa £12,000.
LOCATION -
This popular location benefits from easy access to the City Centre, local train stations and the M32 motorway, making it a perfect location for commuters. There are many local amenities nearby including the independent shops and cafés on St Marks Road.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout. The floor plan is provided for indicative purposes only and should not be relied upon.
TENURE -
The property is offered for sale on the basis of a new 999 year lease. Please refer to the auction legal pack for a copy of the draft lease.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: TBC
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.
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,800 plus VAT (£2,160 inc VAT) buyer’s premium payable upon exchange of contracts.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for is £5,000.
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 plus 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.
*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.
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.
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.
