7 bedroom detached house
£160,000
Carlton Road, Torquay TQ1
  • Countrywide Are Pleased To Offer For Sale By Public Auction On : Thursday, 27 June 2019 at
  • Sandy Park, Exeter EX2 7NN
  • Lot Number : 20
  • A detached five bedroom house currently being used as A house of multiple occupation, set in torquay on the south devon coast
  • Residential
  • £160,000 +
Currently used as a hmo, this detached house does now require modernisation. The property was previously a five bedroom house with two reception rooms, cellar, two bathrooms and a tandem garage to the rear. At the time of instruction, the two reception rooms were used for individual tenants. The property would lend itself to continue to be let for multi occupancy, or subject to acquiring the relevant planning, split into flats with the potential for a studio to the rear incorporating the tandem garage. When fully let, the property can generate a yearly gross income of £26,520 pae, arranged as the single bedroom income being £60 pw, and double bedrooms let at £90 pw with bills included on all tenancies.

Guide prices & reserve prices

Guide Price
An indication of the seller’s 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 Price
The seller’s 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.

This property is marketed by:

Countrywide Property Auctions - South West
2 Cotton Street, Liverpool
0151 382 7433
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