A freehold Lifetime Tenancy Investment comprising a 3 bedroom semi detached house (893 sq ft, source EPC).

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Description/Location

100% purchase occupied by female aged 70, the occupier continues to live in the property for their lifetime, they pay no rent but are responsible for maintenance of the property and all associated costs. When the lifetime tenant permanently vacates the freeholder obtains vacant possession, we estimate the current vacant possession price is in the region of £140,000. We are advised the house has been refurbished with contemporary kitchen and bathroom fittings, double glazing and gas heating via radiators. There is a rear garden with off street parking to 2 cars.

External viewings only

Tenure

Freehold
EPC Rating c

Office Contact

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Ground Floor: Entrance hall, sitting room, kitchen / dining room. First Floor: Landing, 3 bedrooms, bathroom. Outside: Rear garden with patio, lawn and paring for 2 cars.

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*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.