A substantial detached residence occupying a generous plot of approximately 0.18 acres, offered with vacant possession and requiring complete refurbishment.
The property presents an outstanding opportunity for developers, builders, investors and owner-occupiers seeking a renovation project. The existing dwelling offers significant scope for extension and improvement (subject to consents) with the potential to create a sizeable family home on an extensive plot.
The site may also offer redevelopment potential, including the possibility of additional dwellings, subject to obtaining the necessary planning permissions.
Externally, the property benefits from generous gardens to the front, side and rear, together with a single garage accessed via a rear lane.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 23rd July at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
LARGE DETACHED HOUSE IN NEED OF COMPLETE RENOVATION ON A 0.18 ACRE PLOT
DESCRIPTION -
A substantial detached residence occupying a generous plot of approximately 0.18 acres.
The property is in need of complete renovation and offers an excellent opportunity for builders, developers, or buyers seeking a project. The existing house offers great potential to extend and create a sizeable family home on an extensive plot. Alternatively, the site may offer potential for redevelopment/additional dwellings, subject to obtaining the necessary consents.
Externally, there are generous gardens to the front, sides and rear, and a single garage accessed via a rear lane.
An exciting renovation or redevelopment prospect with great potential and scope to add value.
LOCATION -
Situated on Forest Road in Kingswood, the property lies within a well-established and popular residential area to the east of Bristol. Kingswood and nearby Hanham offer a wide range of local amenities including shops, supermarkets, cafes and independent retailers.
The area is well served by local schools, leisure facilities and green spaces, with good transport links providing convenient access into Bristol city centre and the wider motorway network, including the M4 and M32. Regular bus services operate nearby, making the location suitable for commuters and families alike.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
SITE PLAN & AERIAL IMAGES -
The site plan and aerial images are provided for indicative purposes only, please refer to the title plan within the legal pack for confirmation of the site boundaries.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: TBC
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 £1,800 plus VAT (£2,160 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 is £5,000.
If your 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.
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.
