3 bed terraced house for sale

Kenley Avenue, Wolverhampton WV2

Description

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £165,000
investment opportunity - modern three bedroom terraced property - sitting tenant - current rent £1,150 pcm - driveway - low maintenance rear garden - pattinson online auction - guide price £165,000
A modern three bedroom terraced property being offered for sale with a sitting tenant in place, making this an ideal opportunity for landlords and investors looking for an income-producing investment from day one.

The property has recently been completely redecorated throughout and offers well-presented accommodation comprising an entrance hall with downstairs WC, a good size lounge and a kitchen/diner providing a practical and sociable living space.
To the first floor are three bedrooms together with the main family bathroom.
The property benefits from gas central heating and double glazing, while externally there is a driveway providing off-road parking and a low maintenance rear garden.
The property is currently let at £1,150 per calendar month, providing an annual rental income of £13,800.
The property is being offered through the Pattinson Online Auction with a guide price of £165,000, presenting an attractive opportunity for investors looking to add an established rental property to their portfolio.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price', and is accompanied by a 'Reserve Price'. The 'Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the 'Guide Price' / 'Starting Bid'.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Council Tax Band: B (Wolverhampton Council)
Tenure: Freehold