**For Sale By Public Auction 30th October 2019 12:00 pm. To inspect the legal documents for this property go to our website to download the legal pack**
A Vacant Freehold Two Bedroom Mid Terrace House
Location The property is situated on a residential road close to local shops and amenities and just 2,000 ft from the coastline. Transport links are provided by the A19 with connections to the A1(M).
Description The property comprises a two bedroom mid terrace house arranged over ground and first floors. The property requires a full program of refurbishment.
Accommodation Ground Floor Reception Room Kitchen
First Floor Two Bedrooms Bathroom with WC & wash basin
Exterior The property benefits from a rear yard
Note The lha rates for a 2 bedroom property in this postcode is £97.81 per week. Thus potential income of £5,086 per annum (source: ). Equates to a 50.86% potential yield based on lha rate against the guide price.
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.