INVESTORS and FIRST TIME BUYERS TAKE NOTE
Fantastic level of accommodation on offer at a great price!
Ready made investment.
Tenanted since 2014 with no void periods for circa £5700 per annum.
Approx 9.5 % Gross Yield against NEW PRICE OF £60,000!
Of interest to the first time buyer or investor is this well presented two bedroom end terraced property which enjoys open aspect to Herringthorpe playing fields and includes gas fired central heating, double glazing and no vendor chain.
Extension to the front elevation provide porch facilities as well as larger living area.
Up to date EPC on order. Previous certificate dating back to 2010.
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 DAYS in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance. Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of:
Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.
Entrance Porchway A front facing entrance door gives access. Lounge 15' 5" x 11' 10" (4.70m x 3.60m) With a front facing bay window, central heating radiator and open aspect to the front overlooking Herringthorpe playing fields. Dining Kitchen 12' 2" x 11' 10" (3.70m x 3.60m) Fitted with a modern range of wall, base and drawer units with integrated cooking facilities to include a split-level double electric oven with integrated microwave above and a ceramic hob. There is attractive splash-back tiling a side facing window. Access to the cellar and Utility Room. First Floor Landing Master Bedroom 11' 10" x 11' 10" (3.60m x 3.60m) With a front facing window and central heating radiator. Bedroom Two 12' 2" x 11' 10" (3.70m x 3.60m) With a side facing window and access to the bathroom. Bathroom Hosting a modern three-piece suite in white with electric shower above the bath. Outside To the rear of the property is a yard area. To the front is open aspect overlooking Herringthorpe playing fields.
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This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.
Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.
A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.
This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.
A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.
If the Buyer Information Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £200.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 01709 717 191.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.