Property description
A good sized 4 bedroomed end of terraced property in need of refurbishment. The property benefits from central heating. The property would be suitable for occupation, resale or possibly a 6-7 bed HMO/Multilet Investment, subject to any relevant planning consent. Outline CAD drawings + Income Breakdown & Projection are included in Legal Pack.
If rented at £60 per room per week the property has the potential to generate £18,720pa, and if purchased at £55,000 that would get a massive 34% gross yield.
GUIDE PRICES & RESERVE PRICESGuide PriceAn indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve PriceThe sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Property Features :
- SUTTON KERSH ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : 03-JUN-2015
- LOT NUMBER : 23
- VACANT 4 BEDROOM END TERRACED PROPERTY
- Vacant Residential