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Port Talbot SA13 3 bed terraced house for sale
4 Oakwood Place, Port Talbot, SA13 1BB
£70,000
4 Oakwood Place, Port Talbot, SA13 1BB
£70,000
Our Summary
- **Auction Property** with Town and Country Property AuctionsGuide Price £70,000 | Tenanted | £550 PCM | Scope to Increase Rent | Strong Yield PotentialAttention landlords and savvy investors
- 6%, with scope to increase the rent in line with local market rates - presenting solid long-term yield potential
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
- Pre-Auction Offer The 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
Auction Property 4 Oakwood Place, SA13 1BB is a well-presented, tenanted property that offers immediate income from day one, currently let at £550 PCM with a gross yield of approximately 6.6%. The property presents solid long-term yield potential with scope to increase the rent in line with local market rates. The property is being sold unconditionally, with a 5% deposit and a 5%+VAT (minimum £5,000+VAT) buyers premium required upon the fall of the hammer. The auction conditions require full legal completion 28 days following the auction. The seller may consider a pre-auction offer prior to the auction date, subject to the same auction conditions. This is an excellent buy-to-let opportunity for landlords and savvy investors seeking immediate income and strong yield potential.