1 bedroom maisonette for sale
Key information
Property description & features
- Tenure: Leasehold
- Being offered for sale via modern auction
- Terms & conditions apply
- Ideal Investment Opportunity
- Massive 14% annual gross yield
- Cash buyers only due to remaining lease
- First Floor One Bedroom Maisonette
- In need of Modernisation
- No onward chain
- Communal Parking
- Internal Viewing STRONGLY Advised
* NEW INSTRUCTION *
* ATTENTION INVESTORS - ARE YOU LOOKING TO ADD TO YOUR RENTAL PORTFOLIO? THEN THIS PROPERTY OFFERS A MASSIVE 14% ANNUAL GROSS YIELD!!!
BEING OFFERED FOR SALE VIA THE MODERN METHOD OF SALE - VIEW - BID - BUY..
* STARTING BIDS £55,000 *
CASH BUYERS ONLY DUE TO REMAINING LEASE
A one bedroom first floor maisonette being offered For Sale with NO ONWARD CHAIN. In need of modernisation the property briefly comprises of a lounge, kitchen, double bedroom and bathroom / W.C. Externally the property benefits from communal parking and small front garden area. We would STRONGLY advise any interested parties to arrange an internal viewing to fully appreciated the potential this property has to offer.
LOCATION
The property is located just one mile north of Bromsgrove town centre and its many shops, supermarkets, facilities and amenities; within catchment of well-regarded schooling across all ages; ease of access to small supermarkets and shops, local bus routes; and reachable to the M5 and M42 junctions for ease of further travel and commuting to surrounding areas.
TENURE: Leasehold (48 YEARS REMAINING)
Ground Rent: £75.00 per year
Service Charge: £0
COUNCIL TAX BAND: A
EPC RATING: E
Dimensions
Lounge: 14'7" X 8'8"
Kitchen: 12'5" X 5'3"
Bedroom: 11'2" X 9'6"
Bathroom: 6'1" X 5'4"
Auctioneers Note:
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, I am sold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of 6,600.00 inc VAT. The Reservation 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 go through an identification verification process with I am sold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of 300.00 including VAT towards the preparation cost of the pack, where it has been provided by I am sold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.
QBV240330/2
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*DISCLAIMER
Property reference QBV240330. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Your Move - Bromsgrove.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on July 13, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on July 13, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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