Sold prior to auction, for an undisclosed amount

---

A 2 bedroom terraced house, subject to a life tenant. Freehold.

---

Description/Location

We are selling the freehold interest of the property subject to a life tenancy, the life tenant is a single female aged 66. The tenant has the right to remain in the property rent free until death or they permanently vacate. The tenant is responsible for all bills & maintenance of the property under the terms of the tenancy agreement. The estimated current open market value with vacant possession is £210,000.

Tenure

Freehold

Local Authority

Isle of Wight Council

Viewing

Please contact Elliott Network Auctions on 020 7871 0420

Accommodation

Ground Floor: Living room, kitchen, bathroom First Floor: 2 bedrooms Second Floor: Loft room Outrside: Front and rear gardens

View Larger Map

View larger map on Google Maps.

*Guide Price & Reserves

Generally speaking 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. Virtually every property will be offered subject to a Reserve (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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.