SOLD FOR £440,000
An attractive mid-terraced Victorian property arranged as two spacious, self-contained flats, The ground floor comprises a generous 1-bedroom garden flat with a bay fronted living room, double bedroom, kitchen and bathroom whilst the first floor flat comprises a lounge, kitchen, two bedrooms and a bathroom. The flats have been rented for many years but are now offered for sale with vacant possession and present a superb investment or break-up opportunity. Situated on a popular road in Bishopston, easy access is provided to a wide range of shops, bars, restaurants and other amenities on Gloucester Road.
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 £440,000 - MID-TERRACED PERIOD PROPERTY ARRANGED AS TWO LARGE FLATS
DESCRIPTION -
An attractive mid-terraced Victorian property arranged as two spacious, self-contained flats. The ground floor comprises a generous 1-bedroom garden flat with a bay fronted living room, double bedroom, kitchen and bathroom whilst the first floor flat comprises a lounge, kitchen, two bedrooms and a bathroom. The flats have been rented for many years but are now offered for sale with vacant possession and present a superb investment or break-up opportunity.
LOCATION -
The property is situated on Dongola Road, a popular road in the heart of Bishopston within close proximity to the eclectic mix of shops, restaurants and bars that Gloucester Road has to offer. Excellent transport links are provided to the city centre and a range of popular local primary and secondary schools.
GROUND FLOOR FLAT -
The ground floor flat comprises a generous living room with bay window to the front, a double bedroom, kitchen, bathroom with separate WC and a level south-easterly facing private rear garden.
FIRST FLOOR FLAT -
The first floor flat comprises a living room with bay window to the front, a separate kitchen, two good-sized bedrooms and a bathroom.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
TENURE -
Understood to be freehold, please refer to the online legal pack for confirmation.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Ratings: 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.
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.
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.
RENTAL/BREAK-UP VALUES -
We would anticipate the following rental and resale values for each flat following minor cosmetic improvements:
GROUND FLOOR FLAT: £1,300 PCM /£300,000
FIRST FLOOR FLAT: £1,400 PCM /£300,000
TOTAL: £32,400 PA / £600,000
