5 Bedroom Apartment

AUCTION – OUTSTANDING BUY-TO-LET INVESTMENT OPPORTUNITY

This spacious end garden terraced house is currently arranged as TWO SELF-CONTAINED FLATS, producing a combined annual rental income of approximately £13,900 from two long standing tenants.

Based on the guide price, this represents an attractive gross yield of approximately 15.5%, making this an excellent investment opportunity.

The two-bedroom ground floor flat requires modernisation throughout, while the two-bedroom first-floor flat has also been extended into the loft space, providing additional accommodation.

Both flats benefit from gas central heating, UPVC double glazing and a dedicated parking space to the front.

An exciting BUY-TO-LET INVESTMENT / DEVELOPMENT OPPORTUNITY with strong rental returns and excellent potential for improvement.

*PLEASE NOTE: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £500.00. These services are optional.