Offered for sale via the Modern Method of Auction, Starting Bid : £150,000
This fantastic investment opportunity provides a rental income of £957 pcm with a current tenancy fixed until June 2020.
Upon entering the property, the entrance hall provides access to a spacious front reception with feature fireplace.
To the rear, a fitted kitchen briefly comprises; selection of wall and base unit, sink with drainer, oven with hob and space for appliances. A rear door provides access to an enclosed garden which is mainly laid to lawn.
To the first floor, there are three bedrooms, two facing the front and one facing the rear. There is a separate WC. The bathroom has a shower over the bath and wash hand basin.
Externally, the driveway provides off road parking for one car. The property is sold with tenants in situ and must be viewed to appreciate the investment opportunity on offer.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, granting 56 days for completion with an aim to exchange contracts 28 days from the date the buyer's solicitor is in receipt of the draft contracts. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% to a minimum of £6000 including VAT which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.The buyer will be required to sign an ''Acknowledgement of Reservation' form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Leaders Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.
These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.