An extended mid-terraced 3-bedroom house, situated in a highly convenient location in Fishponds with easy access provided to a wide range of local amenities. This ex-rental property offers excellent value for money and would make an ideal investment or first time buy. There is a good-sized courtyard garden to the rear and potential to convert the loft space, subject to consents.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 14 December 2023 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD FOR £290,000 - EXTENDED MID-TERRACED HOUSE - IDEAL BUY TO LET OR FIRST TIME BUY
DESCRIPTION -
An extended mid-terraced 3-bedroom house, situated in a highly convenient location in Fishponds with easy access provided to a wide range of local amenities. This ex-rental property offers excellent value for money and would make an ideal investment or first time buy. There is a good-sized courtyard garden to the rear and potential to convert the loft space, subject to consents.
LOCATION -
The property is situated on a quiet residential street just off the popular Thingwall Park in Fishponds. A wide range of shops, bars and restaurants are available locally on Fishponds Road and excellent transport links are provided to the city centre.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR -
Comprising an entrance hall, living room, dining/family room, kitchen and bathroom.
FIRST FLOOR -
Comprising three bedrooms.
OUTSIDE -
There is a good-sized level rear garden laid mostly to patio.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
LETTING AS A FAMILY HOUSE - Circa £1500 per month
4 BED HMO - Should consent be granted the rent would be in the region of £2400 per month.
STUDENT LET HOUSE - If let to Students with a HMO Licence the rent would be in the region of £3000 per month.
TENURE -
The property is for sale on a freehold basis with vacant possession.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: D
LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.
HMO LICENSING & PLANNING -
HMO licensing regulations and planning requirements are subject to regular changes, updates and even individual interpretations by the Local Authority. Prospective buyers are therefore required to make their own enquiries with the Local Authority and review the documents contained in the auction legal pack fully to satisfy themselves that the property is compliant in this respect. Maggs & Allen accept no liability in the event that any Licensing or Planning requirements/documents are not in order at the point of sale.
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,250 plus VAT (£1,500 inc VAT) buyer’s premium payable upon exchange of contracts.
*GUIDE PRICE -
Guide Prices 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 Reserve Price (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.
RESERVE PRICE -
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
PROXY, TELEPHONE & ONLINE REMOTE BIDDING -
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:
£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000
If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,500 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.
