House For Sale £425,000
FOR SALE BY AUCTION ON WEDNESDAY 5TH JULY 2023 COMMENCING AT 11AM - SALE VIA A LIVE STREAMED AUCTION
GUIDE PRICE: £425,000
A unique opportunity to purchase a three bedroomed semi detached home standing in gardens of approximately 0.23 of an acre. The property is situated in the heart of Abbots Langley with fantastic views over open fields to the rear. The house is currently under let generating £1,045 per calendar month but after refurbishment this house could generate a gross rent passing of £1,600 per calendar month. The current owners have submitted a pre-application for a 1,500 square feet three bedroomed detached house on the land to the side of 39 Summerhouse Way. The property will benefit from off road parking.
Accommodation -
Ground Floor -
Entrance Hall - 1.93m x 1.32m (6'04 x 4'04) - Enter via a wood front door there are stairs rising to the first floor with doors leading through to:-
Lounge/Dining Room - 6.15m x 3.23m maximum (20'02 x 10'07 maximum ) - Benefiting from a three casement window to the front elevation there is a replacement window and a fully glazed door leading to the rear garden. This room is laid to carpet with TV and telephone points connected.
Dining Area - Providing suitable space for a dining suite with a door leading through to:-
Kitchen - 3.28m x 2.82m (10'09 x 9'03) - Fitted with a range of floor and wall mounted cabinets with tiled splashbacks there is plumbing for a washing machine, tumble dryer and space for a gas cooker, windows to the side and rear elevations with a door leading to the side. A further door leads through to:-
Utility/Study - 2.39m x 1.85m (7'10 x 6'01) - With a window to the side elevation and access to a combi boiler and a door leads through to the entrance hall.
First Floor -
Landing - 4.01m x 0.76m (13'02 x 2'06) - With a door leading to the airing cupboard containing hot water cylinder and shelved storage there are further doors leading to:-
Bedroom One - 3.86m x 3.51m (12'08 x 11'06) - A window to the front elevation with space for a king size bed, carpet fitted and a door leading to integrated storage.
Bedroom Two - 3.45m x 2.54m to max (11'04 x 8'04 to max) - With a window overlooking the rear garden, space for a double bed, carpet fitted and access to a single wardrobe.
Bedroom Three - 3.53m x 1.73m (11'07 x 5'08) - A two casement window to the front elevation and a single casement window to the side, space for a single bed, carpet fitted and access to a wardrobe.
Family Bathroom - 2.36m x 1.55m (7'09 x 5'01) - Suite comprising of WC, wash hand basin, bath with shower over, half tiled walls with a window to the rear elevation and a further door to the landing.
Outside -
Rear Garden - Mainly laid to lawn benefiting from fabulous views over open fields.
Front Garden - Mainly laid to lawn with a fenced boundary with the neighbouring apartments, space for vehicular access which could provide off road parking for multiple vehicles.
Side - The large plot of land to the side is subject to a pre-application. An original planning application was submitted in 2015 and was rejected on the grounds that there was not enough parking, however, due to the redevelopment in the area the current owner believes that there is now suitable grounds for a new property to be built as the neighbouring block of flats has allowed for vehicular access to this property and will provide off road parking for both this property and the dwelling. The pre-application is for a three bedroomed detached home measuring to approximately 1,500 square feet net internal.
Assured Shorthold Tenancy - The property is let on an assured shorthold tenancy generating £1,045 per calendar month. The rent is under market value and the tenant has been served with a Section 8 Notice to vacate of which a court date has been set in August 2023. Due to this there is a delayed completion of 60 days from the date of exchange of contracts.
Planning Potential - The property has been subject to a planning application which was refused in 2015 prior to the redevelopment of the neighbouring properties where two modern apartment blocks have now been built. Part of the conditions of the redevelopment in the area stipulates that they should allow for vehicular access to number 39 which is part of the reason why the planning was refused in 2015.
Services - Main drainage, gas, water and electricity are connected.
Council Tax - Three Rivers District Council - Band D
Price Information - *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. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
Buyers Administration Charge - The purchaser will be required to pay an administration charge of £840 (£700 plus VAT).
Buyers Premium Charge - The purchaser will also be required to pay a buyer's premium of £2,400 (£2,000 plus VAT).
How To Get There - From Watford City Centre proceed in a north westerly direction along the Hempstead Road and upon approaching Courtlands Drive proceed right following the road all the way over the roundabout onto Ashfields and over the A41. Upon approaching the next roundabout take the third exit onto Aerodrome Way proceeding north over the next roundabout and continuing onto Langley Lane. Continue north over the following roundabouts heading onto Tibbs Hill Road and take the second exit onto Summerhouse Way before the speed camera and follow the round around where the apartments can be seen on either side of the road and number 39 is found in the bottom right hand corner.
Doing02062023/9627 -
GUIDE PRICE: £425,000
A unique opportunity to purchase a three bedroomed semi detached home standing in gardens of approximately 0.23 of an acre. The property is situated in the heart of Abbots Langley with fantastic views over open fields to the rear. The house is currently under let generating £1,045 per calendar month but after refurbishment this house could generate a gross rent passing of £1,600 per calendar month. The current owners have submitted a pre-application for a 1,500 square feet three bedroomed detached house on the land to the side of 39 Summerhouse Way. The property will benefit from off road parking.
Accommodation -
Ground Floor -
Entrance Hall - 1.93m x 1.32m (6'04 x 4'04) - Enter via a wood front door there are stairs rising to the first floor with doors leading through to:-
Lounge/Dining Room - 6.15m x 3.23m maximum (20'02 x 10'07 maximum ) - Benefiting from a three casement window to the front elevation there is a replacement window and a fully glazed door leading to the rear garden. This room is laid to carpet with TV and telephone points connected.
Dining Area - Providing suitable space for a dining suite with a door leading through to:-
Kitchen - 3.28m x 2.82m (10'09 x 9'03) - Fitted with a range of floor and wall mounted cabinets with tiled splashbacks there is plumbing for a washing machine, tumble dryer and space for a gas cooker, windows to the side and rear elevations with a door leading to the side. A further door leads through to:-
Utility/Study - 2.39m x 1.85m (7'10 x 6'01) - With a window to the side elevation and access to a combi boiler and a door leads through to the entrance hall.
First Floor -
Landing - 4.01m x 0.76m (13'02 x 2'06) - With a door leading to the airing cupboard containing hot water cylinder and shelved storage there are further doors leading to:-
Bedroom One - 3.86m x 3.51m (12'08 x 11'06) - A window to the front elevation with space for a king size bed, carpet fitted and a door leading to integrated storage.
Bedroom Two - 3.45m x 2.54m to max (11'04 x 8'04 to max) - With a window overlooking the rear garden, space for a double bed, carpet fitted and access to a single wardrobe.
Bedroom Three - 3.53m x 1.73m (11'07 x 5'08) - A two casement window to the front elevation and a single casement window to the side, space for a single bed, carpet fitted and access to a wardrobe.
Family Bathroom - 2.36m x 1.55m (7'09 x 5'01) - Suite comprising of WC, wash hand basin, bath with shower over, half tiled walls with a window to the rear elevation and a further door to the landing.
Outside -
Rear Garden - Mainly laid to lawn benefiting from fabulous views over open fields.
Front Garden - Mainly laid to lawn with a fenced boundary with the neighbouring apartments, space for vehicular access which could provide off road parking for multiple vehicles.
Side - The large plot of land to the side is subject to a pre-application. An original planning application was submitted in 2015 and was rejected on the grounds that there was not enough parking, however, due to the redevelopment in the area the current owner believes that there is now suitable grounds for a new property to be built as the neighbouring block of flats has allowed for vehicular access to this property and will provide off road parking for both this property and the dwelling. The pre-application is for a three bedroomed detached home measuring to approximately 1,500 square feet net internal.
Assured Shorthold Tenancy - The property is let on an assured shorthold tenancy generating £1,045 per calendar month. The rent is under market value and the tenant has been served with a Section 8 Notice to vacate of which a court date has been set in August 2023. Due to this there is a delayed completion of 60 days from the date of exchange of contracts.
Planning Potential - The property has been subject to a planning application which was refused in 2015 prior to the redevelopment of the neighbouring properties where two modern apartment blocks have now been built. Part of the conditions of the redevelopment in the area stipulates that they should allow for vehicular access to number 39 which is part of the reason why the planning was refused in 2015.
Services - Main drainage, gas, water and electricity are connected.
Council Tax - Three Rivers District Council - Band D
Price Information - *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. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
Buyers Administration Charge - The purchaser will be required to pay an administration charge of £840 (£700 plus VAT).
Buyers Premium Charge - The purchaser will also be required to pay a buyer's premium of £2,400 (£2,000 plus VAT).
How To Get There - From Watford City Centre proceed in a north westerly direction along the Hempstead Road and upon approaching Courtlands Drive proceed right following the road all the way over the roundabout onto Ashfields and over the A41. Upon approaching the next roundabout take the third exit onto Aerodrome Way proceeding north over the next roundabout and continuing onto Langley Lane. Continue north over the following roundabouts heading onto Tibbs Hill Road and take the second exit onto Summerhouse Way before the speed camera and follow the round around where the apartments can be seen on either side of the road and number 39 is found in the bottom right hand corner.
Doing02062023/9627 -
