Lot 3 - Ty Mawr 33 Heol yr Orsaf, Ammanford, SA18 2DB
- Unconditional Online Auction Sale
- Guide Price* : £25,000
- Bedrooms: 3
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Lot 3 - Flat for Owner Occupation/Investment
Description
ONLINE AUCTION from 4th - 6th FEBRUARY
Layout: Spacious with 2/3 bedrooms, office, dining room, kitchen, lounge, wc, bathroom and attic.
Location: Close to amenities and a local college, appealing to both tenants and buyers.
Value-Add Opportunities: Loft conversion and modernisation can turn this unique large apartment into a fantastic space.
Features like 2/3 large bedrooms, outdoor roof terrace space, and a loft with conversion partially started to create more space!
Tenancies
To be sold with vacant possession
Rental Potential: With modernisation, the property is expected to attract working professionals or couples/family
Estimated rental income: £900 per calendar month (based on comparable properties in the area).
Demand: The local rental market has a shortage of housing stock for a long term rental.
Another market for rental could be a conversion into holiday let/serviced accommodation for short term lets due to its size and space offered.
Buy-to-Sell Opportunity there are no local comparable for apartments in the area and the Sqm of the apartment is similar in size to local properties below. A guide on local house prices below to give an idea what a large apartment would be worth post refurbishment.
Market Value Post-Modernisation: Agents suggest a resale value in excess of £110k, aligned with recent comparable sales on Station Road as a large apartment.
12 Station Road: £265,000 (Detached, June 2024)
25 Station Road: £192,500 (Semi-detached, March 43 Station Road: £130,000 (Semi-detached, August 2022)
Tenure
Advised Leasehold 999 with £1 ground rent and share of Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (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.
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Legal Documents
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Auction Finance
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