Sold for £92,250

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By Order of a Major Housing Association

A 2 storey freehold building arranged as 1 x 2 bedroom flats (707 sq ft) and 1 x 1 bedroom flat (565 sq ft) requiring refurbishment. Development potential, vacant.

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Description/Location

Situated in an established residential area close to the town centre. Potential to refurbish the flats for sale or rent, potential for conversion to HMO subject to planning. We estimate the rental value of the flats is £500 pcm (2 bed) and £400 pcm (1 bed) post refurbishment.

Tenure

Freehold

Local Authority

Viewing

Network Auctions - 020 7871 0420

Accommodation

Ground Floor: 2 bedroom flat. Frirst Floor: 1 bedroom flat. Outside: Gardens to the front and rear.

Rent

ERV: £10,800 pa

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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.