Our Summary

• The property is in need of modernisation and offers excellent potential to increase the rental income or potentially split up the flats and sell them separately
• The current rental income is well below market level and we would anticipate a potential rental income in the region of £59,400 per annum following some refurbishment works
• For Sale By Auction - This property is due to feature in our online auction on 22 May 2025 at 6
• Currently arranged as three self-contained flats - including a 1-bedroom basement flat, a 1-bedroom ground floor flat, and a spacious 3-bedroom maisonette spanning the first and second floors - this versatile property presents a fantastic investment opportunity
• In need of modernisation, the building offers significant scope to enhance rental yields through the refurbishment
• The current rental income is considerably below market value, with scope to increase to a figure in the region of £59,400 per annum following updates - making this an ideal project for investors looking to add value in a high-demand area
• They are not necessarily figures which a property will sell for and may change at any time prior to the auction
• Each property will be offered subject to Reserve Price (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
• Reserve Price - The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell
• Both the guide price and the reserve price can be subject to change up to and including the day of the auction
• Proxy, Telephone & Online Remote Bidding - The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid
• The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction
• Auction Or Bridging Finance Required
• Contact the Auction Team today to be put through to our mortgage and loan experts on or email Preliminary Deposits - The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:£1,000 - £150,000: £5,000£151,000 and above: £10,000If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale
• If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days
• Prospective buyers are therefore required to make their own enquiries with the Local Authority and review the documents contained in the auction legal pack fully to satisfy themselves that the property is compliant in this respect
• 22 May LIVE ONLINE AUCTION
• In need of modernisation