House For Sale £70,000
Summary
Attention investors! This two bedroom semi-detached home is available with a tenant in situ with current rental potential of £425pcm and a gross annual yield of 7.2%. There is spacious living accommodation with two reception rooms, a ground floor WC and a first floor utility room.
Description
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Lounge 17' 1" x 15' 1" ( 5.21m x 4.60m )
With a front facing composite door and a front facing double glazed window. There is a feature fireplace as the focal point of the room, two central heating radiators, spotlights and coving to the ceiling. There is access through to the dining room.
Dining Room 12' 1" x 14' max ( 3.68m x 4.27m max )
A separate dining area with a rear facing double glazed window and a central heating radiator. There are stairs which rise to the first floor landing and access through to the kitchen.
Kitchen 15' x 10' 8" max ( 4.57m x 3.25m max )
Fitted with a range of white wall and base units with coordinating work surfaces housing the sink and drainer with mixer tap. The kitchen has a four ring gas hob with an extractor hood above, an electric oven and grill, area for a fridge and freezer and a wall mounted boiler. There are two side facing double glazed windows, complimentary splashback tiling, tiled flooring and a central heating radiator. There is access to the rear lobby.
Rear Lobby
With a side facing door which provides access to the enclosed courtyard. There is tiled flooring and access through to the ground floor WC.
Ground Floor W.C.
Fitted with a WC, a central heating radiator and a side facing obscure double glazed window.
First Floor Landing
With a side facing double glazed window, access to the two bedrooms, family bathroom and utility room.
Bedroom One 17' 2" x 10' 1" max ( 5.23m x 3.07m max )
A double room with a front facing double glazed window, a central heating radiator, a TV point to the wall and a built-in wardrobe providing additional hanging and storage space.
Bedroom Two 13' 9" x 5' 2" ( 4.19m x 1.57m )
With a front facing double glazed window and a central heating radiator.
Utility Room 5' 10" x 4' 8" ( 1.78m x 1.42m )
A separate utility room located on the first floor with work surfaces providing plumbing for a washing machine. There is a central heating radiator, panelling to the walls and a rear facing double glazed window.
Bathroom
Fitted with a WC, a wash hand basin and a panelled bath with mixer tap. There is panelling to the walls, a central heating radiator and a rear facing obscure double glazed window.
Outside
To the side of the property there is a garage providing additional storage. To the rear of the property there is a courtyard style rear garden with concrete sections, path and artificial lawned area.
Garage
With a roller shutter door.
Additional Information
The tenant is currently in situ with £425pcm as the current rent but could move out prior to the sale completing as at present is currently occupying on a rolling contract.
Agent's Note
If looking to purchase with a mortgage as the property is next to a convenience store please seek further advice regarding affordability to purchase.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Attention investors! This two bedroom semi-detached home is available with a tenant in situ with current rental potential of £425pcm and a gross annual yield of 7.2%. There is spacious living accommodation with two reception rooms, a ground floor WC and a first floor utility room.
Description
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Lounge 17' 1" x 15' 1" ( 5.21m x 4.60m )
With a front facing composite door and a front facing double glazed window. There is a feature fireplace as the focal point of the room, two central heating radiators, spotlights and coving to the ceiling. There is access through to the dining room.
Dining Room 12' 1" x 14' max ( 3.68m x 4.27m max )
A separate dining area with a rear facing double glazed window and a central heating radiator. There are stairs which rise to the first floor landing and access through to the kitchen.
Kitchen 15' x 10' 8" max ( 4.57m x 3.25m max )
Fitted with a range of white wall and base units with coordinating work surfaces housing the sink and drainer with mixer tap. The kitchen has a four ring gas hob with an extractor hood above, an electric oven and grill, area for a fridge and freezer and a wall mounted boiler. There are two side facing double glazed windows, complimentary splashback tiling, tiled flooring and a central heating radiator. There is access to the rear lobby.
Rear Lobby
With a side facing door which provides access to the enclosed courtyard. There is tiled flooring and access through to the ground floor WC.
Ground Floor W.C.
Fitted with a WC, a central heating radiator and a side facing obscure double glazed window.
First Floor Landing
With a side facing double glazed window, access to the two bedrooms, family bathroom and utility room.
Bedroom One 17' 2" x 10' 1" max ( 5.23m x 3.07m max )
A double room with a front facing double glazed window, a central heating radiator, a TV point to the wall and a built-in wardrobe providing additional hanging and storage space.
Bedroom Two 13' 9" x 5' 2" ( 4.19m x 1.57m )
With a front facing double glazed window and a central heating radiator.
Utility Room 5' 10" x 4' 8" ( 1.78m x 1.42m )
A separate utility room located on the first floor with work surfaces providing plumbing for a washing machine. There is a central heating radiator, panelling to the walls and a rear facing double glazed window.
Bathroom
Fitted with a WC, a wash hand basin and a panelled bath with mixer tap. There is panelling to the walls, a central heating radiator and a rear facing obscure double glazed window.
Outside
To the side of the property there is a garage providing additional storage. To the rear of the property there is a courtyard style rear garden with concrete sections, path and artificial lawned area.
Garage
With a roller shutter door.
Additional Information
The tenant is currently in situ with £425pcm as the current rent but could move out prior to the sale completing as at present is currently occupying on a rolling contract.
Agent's Note
If looking to purchase with a mortgage as the property is next to a convenience store please seek further advice regarding affordability to purchase.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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