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Lodge Close, Bewdley DY12 2 bed apartment for sale
Lodge Close, Bewdley DY12
£75,000
Lodge Close, Bewdley DY12
£75,000
Our Summary
- Guide Price £75,000 * Plus 5% Buyers Premium + VATFor sale by unconditional online auction
- To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- Priced to sell quickly, this property offers excellent potential for a solid return on investment
- Based on the guide price, the potential yield from this property could be 13% subject to rental increase to market value
- NB: This property has 53 years left of a 99 year lease, but the owner has already initiated a Section 42 request to extend the lease and so the new buyer will benefit from having the option to extend the lease after purchase or simultaneously rather than have to wait the mandatory 2 year moratorium
- 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
A two-bedroom first-floor apartment is available in a peaceful courtyard setting in the picturesque town of Bewdley, Worcestershire. The property has an existing tenancy agreement in place, generating a rental income of £7140 per annum, and is situated in a desirable and charming area. The apartment boasts a private parking area, surrounded by well-maintained open lawns, and benefits from an abundance of natural light. With a reliable tenant and no rental arrears, this is an excellent opportunity for an investor looking to expand their rental portfolio with minimal effort. The property is priced to sell quickly, offering a potential yield of 13% subject to rental increase to market value. Bewdley is a charming town with a rich history, offering a peaceful and idyllic setting with a range of local amenities and easy access to larger towns. The property is available for sale by unconditional online auction, with a guide price of £75,000 plus 5% buyers premium and VAT.