House For Sale £44,000
For sale on 26 August 2021
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
The auction will commence at 10:00.
Looking for a btl property? Are you just starting your property journey or just looking to add another quality investment to your portfolio? Here we have a mid terrace house with 3 bedrooms currently let to a long term tenant who is currently paying £4,560 per annum with potential for the new landlord to increase the income to nearer £6k per annum. It's set in a popular residential location and delivering at present an attractive yield of 10% against the guide price, a worthy investment for any btl investor. Don't delay! Register to bid for this investment property.
Accommodation
Entrance is gained through the front upvc double glazed door into the;
Lounge (3.74m x 3.64m (12'3" x 11'11"))
Fitted with a central heating radiator, dark oak laminate flooring, having a telephone point, a television point and a upvc double glazed window viewing to the front of the property.
Dining Room (3.65m x 3.72m (11'11" x 12'2"))
Fitted with a central heating radiator, a useful understairs storage cupboard, laminate flooring and a upvc double glazed window viewing to the rear of the property.
Fitted Kitchen (3.88m x 2.21m (12'8" x 7'3"))
Having a range of units above and below areas of easy clean work surface inset to which is a stainless steel sink unit with chrome tap. Also fitted is tiling to splash back areas, ceramic tiled flooring, a central heating radiator, a stainless steel extractor hood above a range cooker, a upvc double glazed window viewing to the side of the property and a upvc door opening to the same.
Utility Room (2.01m x 1.75m (6'7" x 5'8"))
Fitted with wall units above an area of easy clean worksurface, plumbing for an automatic washing machine, vent for a tumble dryer, extractor fan to ceiling and a low flush toilet.
Returning to the Dining Room and taking the stairs to the landing having a central heating radiator and doors leading to;
Bedroom One (3.78m x 3.63m (12'4" x 11'10"))
Having a central heating radiator, a built in storage cupboard and a upvc double glazed window viewing to the front of the property.
Bedroom Two (3.75m x 2.74m (12'3" x 8'11"))
Having a central heating radiator and a upvc double glazed window viewing to the rear of the property.
Bedroom Three / Dressing Room (2.22m x 2.08m (7'3" x 6'9"))
Having a central heating radiator and a upvc double glazed window viewing to the side of the property.
From here a door opens into the;
Bathroom (2.20m x 1.60m (7'2" x 5'2"))
Fitted with a white suite comprising of a panelled bath with electric shower over, a pedestal wash hand basin and a low flush toilet. Also fitted is tiling to splash back areas, a central heating radiator and a upvc double glazed window viewing to the rear of the property.
Outside
To the front of the property is an enclosed courtyard.
To the rear of the property is a fully enclosed garden.
Other Information
The Tenure of this property is Freehold.
The Council Tax Band is 'A'
Auction Method:
The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely please see the below section on “Registration Process”. The auction can be watched in real-time on the auction date through sdl Auctions’ website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to sdl Auctions’ Buyers Terms (England & Wales) which are available on sdl Auctions website.
Auction type- Unconditional with Variable Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of sdl Auctions, and will be in addition to any fees payable to us. Sdl Auctions has limited control over the content of the Special Conditions of Sale.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on sdl Auctions website by searching for the property. On the property details page there is a sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of sdl Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the sdl Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut-off, it cannot be guaranteed that your registration will be processed.
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
The auction will commence at 10:00.
Looking for a btl property? Are you just starting your property journey or just looking to add another quality investment to your portfolio? Here we have a mid terrace house with 3 bedrooms currently let to a long term tenant who is currently paying £4,560 per annum with potential for the new landlord to increase the income to nearer £6k per annum. It's set in a popular residential location and delivering at present an attractive yield of 10% against the guide price, a worthy investment for any btl investor. Don't delay! Register to bid for this investment property.
Accommodation
Entrance is gained through the front upvc double glazed door into the;
Lounge (3.74m x 3.64m (12'3" x 11'11"))
Fitted with a central heating radiator, dark oak laminate flooring, having a telephone point, a television point and a upvc double glazed window viewing to the front of the property.
Dining Room (3.65m x 3.72m (11'11" x 12'2"))
Fitted with a central heating radiator, a useful understairs storage cupboard, laminate flooring and a upvc double glazed window viewing to the rear of the property.
Fitted Kitchen (3.88m x 2.21m (12'8" x 7'3"))
Having a range of units above and below areas of easy clean work surface inset to which is a stainless steel sink unit with chrome tap. Also fitted is tiling to splash back areas, ceramic tiled flooring, a central heating radiator, a stainless steel extractor hood above a range cooker, a upvc double glazed window viewing to the side of the property and a upvc door opening to the same.
Utility Room (2.01m x 1.75m (6'7" x 5'8"))
Fitted with wall units above an area of easy clean worksurface, plumbing for an automatic washing machine, vent for a tumble dryer, extractor fan to ceiling and a low flush toilet.
Returning to the Dining Room and taking the stairs to the landing having a central heating radiator and doors leading to;
Bedroom One (3.78m x 3.63m (12'4" x 11'10"))
Having a central heating radiator, a built in storage cupboard and a upvc double glazed window viewing to the front of the property.
Bedroom Two (3.75m x 2.74m (12'3" x 8'11"))
Having a central heating radiator and a upvc double glazed window viewing to the rear of the property.
Bedroom Three / Dressing Room (2.22m x 2.08m (7'3" x 6'9"))
Having a central heating radiator and a upvc double glazed window viewing to the side of the property.
From here a door opens into the;
Bathroom (2.20m x 1.60m (7'2" x 5'2"))
Fitted with a white suite comprising of a panelled bath with electric shower over, a pedestal wash hand basin and a low flush toilet. Also fitted is tiling to splash back areas, a central heating radiator and a upvc double glazed window viewing to the rear of the property.
Outside
To the front of the property is an enclosed courtyard.
To the rear of the property is a fully enclosed garden.
Other Information
The Tenure of this property is Freehold.
The Council Tax Band is 'A'
Auction Method:
The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely please see the below section on “Registration Process”. The auction can be watched in real-time on the auction date through sdl Auctions’ website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to sdl Auctions’ Buyers Terms (England & Wales) which are available on sdl Auctions website.
Auction type- Unconditional with Variable Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of sdl Auctions, and will be in addition to any fees payable to us. Sdl Auctions has limited control over the content of the Special Conditions of Sale.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on sdl Auctions website by searching for the property. On the property details page there is a sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of sdl Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the sdl Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut-off, it cannot be guaranteed that your registration will be processed.
