For sale by auction on Wednesday, 09 Sep 2020 at 12:30
Venue: Live Stream
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An excellent opportunity to purchase a three bedroomed end terraced house, held as an investment. The tenant has been in occupation for ten years, producing a current rental income in the order of £110 per week (£5720 per annum). A new three year tenancy has recently been signed at the same amount of £110 per week. The tenant has indicated that they wish to remain in occupation at the property for a substantial period of time. The property is believed to be of interest to an investor looking for a long term residential investment.
Ground Floor An entrance hall leads to the lounge, 3.6m x 3.6m. Dining Room, 3.5m x 4.2m (maximum overall dimensions). Kitchen, 3.0m x 2.2m, having a range of wall and floor cupboards, fitted electric cooker, space for washing machine, and stainless steel insert sink. Under-Stair Shower Room, 2.2m x 0.8m, having WC, wash hand basin and a shower.
First Floor A flight of stairs leads to the first floor landing. Bedroom One, 3.6m x 3.6m. Bedroom Two, 4.2m x 3.6m. Bathroom, 3.1m x 2.2m, having bath, WC, and wash hand basin, together with a shower.
Attic A further flight of stairs leads to the attic/bedroom three, being 3.0m x 5.0m, having velux style window.
Outside The outside sees gardens to the rear.
Additional Fees Buyers Premium: 1.5% of the purchase price plus VAT (1.8% inc VAT), subject to a minimum fee of £1295 plus VAT (£1554 inc VAT), payable on completion.
Administration Charge - £1140 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides 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 a Reserve (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.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Property descriptions and related information displayed on this page are marketing materials provided by Auction House Copelands. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Auction House Copelands for full details and further information.
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.