3 bed semi-detached house for sale

Potternewton Lane, Leeds, West Yorkshire LS7

This three bedroom semi-detached property is offered for sale via traditional auction. The property is currently tenanted with a long-standing tenant of 10+ years with the current tenancy agreement reflecting a rental income of £600PCM. We understand that the property will require some internal renovation upon the property becoming vacant.

In recent times the occupier has fallen into arrears with no rental income being paid in the last 30 months totalling £18,000. No formal notices have been issued to the tenant to vacate. The buyer at auction will not be expected to pay the seller any of these arrears are will therefore start their ownership with a clean slate. The property is marketed at a significantly below market value to reflect these circumstances.

Situated in a convenient location, offering easy access to excellent local shopping and amenities in both Meanwood and Chapel Allerton.

Any interested parties should be aware that the property has not been inspected by Auction House.

Accommodation

Ground Floor

Living room and kitchen

First Floor

Three bedrooms and a bathroom

Externally

Gardens to the front and rear

Additional Information

Council Tax

Leeds City Council - Band A

Tenure

Freehold

Charges And Payments

In addition to the deposit
Administration Charge: 1.5% inc VAT of the purchase price subject to a minimum of £2,100 inc VAT.
Searches £360 inc VAT.

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.

Guide Price

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.