Cefn Glas Road, Bridgend CF31 5 bed house of multiple occupation for sale

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Cefn Glas Road, Bridgend CF31 5 bed house of multiple occupation for sale

38 Cefn Glas Road, Bridgend, CF31 4PG
£95,000

Our Summary

  • Guide Price £95,000 * Plus 5% Buyers Premium + VATFor sale by unconditional online auction, registration is now open
  • A fantastic investment opportunity
  • This substantial property has been set up and operated as a House in Multiple Occupation (HMO) since 2004, offering excellent rental potential
  • The property is in need of general modernisation and updating, giving the successful purchaser the chance to add value and tailor the property to their requirements
  • Situated in a popular residential area with easy access to Bridgend town centre, local amenities, and transport links, this property represents a bargain with huge potential for investors, developers, or those seeking to expand their rental portfolio
  • Key Features:Set up as HMO since 2004Potential for strong rental income (subject to licence)In need of updating scope to add valueNew EICR & Gas Safe certificates in placeSought-after location with good transport linksDon't miss this excellent opportunity to secure a high-potential propertyatauction
  • The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
  • Pre-Auction Offers Are ConsideredThe seller of this property may consider a pre-auction offer prior to the auction date
  • All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
  • To make a pre-auction offer we will require two forms of ID,

Description

This property, currently set up as a House in Multiple Occupation (HMO), is being sold by unconditional online auction with a guide price of £95,000. The property has been operating as an HMO since 2004 and offers excellent rental potential, although it may now require a licence to continue operating in this manner. The property is in need of general modernisation and updating, providing an opportunity for the successful purchaser to add value and tailor the property to their requirements. The property already benefits from an interconnected mains smoke alarm, fire doors, a new EICR (Electrical Installation Condition Report), and a current Gas Safe compliance certificate, giving peace of mind on the essentials. Situated in a popular residential area with easy access to Bridgend town centre, local amenities, and transport links, this property represents a bargain with huge potential for investors, developers, or those seeking to expand their rental portfolio.