1 bedroom terraced house for sale

For Sale by Public Auction

A potential rental figure of £725-£750 pcmx with some redecoration throughout. This would produce a gross yield of around 10% (based on the guide price). The property has a long lease with approximately 973 years remaining.

An excellent investment opportunity to purchase this one-bedroom mid-terraced property, that would be ideal for buy-to-let purposes following minor re-decoration throughout.
Formerly part of the old school buildings, the property in brief offers an entrance hallway which leads to the fitted kitchen and living space, complete with views of the communal garden and stair elevation to the first floor. To the first floor one spacious bedroom can be discovered and a bathroom fitted with a three-piece suite. Externally the property offers one allocated parking space which is referred to in the title and can be found in the car park to the side of the property.

The property is situated in a charming residential neighbourhood which is conveniently placed for local shopping, recreational facilities, and Westcotes Health Centre. Both Braunstone Park and Westcotes Park are within walking distance whilst The Highcross Shopping Centre and Braunstone Gate with its popular bars and restaurants is just over 1 mile away. There is good access to the City centre, Hospitals, Universities, and mainline Railway Station with services in all directions, including London St Pancras International. For the road commuter there is good access to the local ring road network including A47, A5460, A50 inner and outer ring roads and the M1 and M69 motorways are accessed at Jct 21, some 3.5 miles distant.

Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 4th September 2024 at 6:00pm
Stratford Town Hall

Auction Terms - The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.

The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.

Binding contracts of sale will be exchanged at the point of sale.

Auction Deposit And Fees - The following deposits and non-refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1320 inc. VAT

There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.

Guide Price & Reserve Price - The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).

Plans - Plans shown are for identification purposes only.

Services - It is understood that the property is connected to mains water, sewerage, gas and electricity, though these services have not been tested.

Directions - What Three Words: Search ///cared.went.tones

Tenure And Possession - The property and land are long leasehold. The lease was established on 18 December 1998 for a 999 year term, meaning there are approximately 973 years remaining. The ground rent is £50 per annum and service charges are £219.50 per quarter. Vacant possession will be given upon completion which is normally 20 working days after the auction. Please refer to the Legal Pack for further details.

Bidder Registration And Auction Legal Pack - If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/

You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk

The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.

If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account. Following your initial registration, you will receive an SMS from LexisNexis, a company we use to verify ID and conduct an anti-money laundering check. Please click on the link within the SMS and follow the instructions to complete the check.

Legal Documents & Additional Costs - It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.

Viewings - All viewings are by appointment only through the Auction Department