- Sale by Modern Auction (T&Cs apply) +
- Subject to an undisclosed Reserve Price +
- Buyers fees apply +
- CONVENIENTLY LOCATED +
- RENTAL YIELD OF OVER 10% +
- ONE BEDROOM +
- TWO BATHROOMS +
- REAR YARD +
SUMMARY
This terraced home has been transformed by the current owner into a one-bedroom, two-bathroom property that offers an excellent rental yield of over 10%, with the present tenants paying £520 per calendar month.
DESCRIPTION
This terraced home has been transformed by the current owner into a one-bedroom, two-bathroom property that offers an excellent rental yield of over 10%, with the present tenants paying £520 per calendar month. The ground floor features an entrance hall leading to a welcoming lounge, a shower room, an inner hall, a well-proportioned kitchen, and a rear lobby. Upstairs, the property boasts a spacious bedroom complemented by an en suite shower room. Situated on Belk Street, the home enjoys a convenient location with easy access to a variety of local amenities, strong transport links, as well as local schools, making it an attractive option for both residents and investors.
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 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 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 no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. 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.
Entrance Hall
Entered via UPVC double glazed door into entrance hallway, door leading to lounge, door leading to inner hallway.
Lounge 10' 6" (into recess) x 16' (max) ( 3.20m (into recess) x 4.88m (max) )
UPVC double glazed window to front, radiator, TV point ,laminate flooring, door leading to handy downstairs shower room.
Downstairs Shower Room
Shower cubicle, wash hand basin, low level low flush WC, radiator, wooden single glazed window to rear, extractor fan, vinyl flooring.
Inner Hallway
Gives access to stairs to first floor.
Kitchen 10' x 7' 5" ( 3.05m x 2.26m )
Two UPVC double glazed windows to rear and side, range of wall and base units with complimentary working surfaces and upstands,wall mounted combi boiler, inset electric oven, four ring electric hob, stainless steel 1 1/2 bowl sink. drainer unit, space for free-standing fridge, vinyl flooring, radiator, door leading to rear lobby.
Landing
stairs form first floor, wooden single glazed window to rear, doors leading to bedrooms.
Bedroom 1 13' 9" (max) x 13' (max) ( 4.19m (max) x 3.96m (max) )
Radiator, UPVC double glazed window to rear, built in storage cupboard, door leading to en-suite.
En-Suite
Wooden single glazed window to rear, radiator, vynil flooring, part restricted floor space due to bulkhead, wash hand basin with mixer tap, corner shower cubicle with electric shower and hand-held attachment.
Front Of Property
Flat fronted with on street parking.
Rear Lobby
UPVC double glazed door to rear yard.
Rear Yard
Wall enclosed, wooden gate to rear alleyway.
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.