Lot 77 - 114B Tycoch Road, Sketty, Swansea, West Glamorgan, SA2 9EQ

  • Unconditional Online Auction Sale
  • Guide Price* : £66,000+
  • Bedrooms: 1
  • Bathrooms: 1

Lot 77 - Flat for investment/owner occupation

Description

ONLINE AUCTION from 11TH-13TH MARCH

Refurbished First Floor Studio Flat – Ideal Investment Opportunity

An excellent opportunity to acquire a fully refurbished and improved studio flat situated in prominent Sketty/Tycoch Square area, previously operated as a Furnished Holiday Let. This property is well-suited for buy-to-let investors or owner-occupiers.

Key Benefits:

✔ No council tax if operated as a Furnished Holiday Let

✔ No water/sewage charges due to direct main water connection!

✔ Zero ground rent & service charges!

✔ UPVC double glazing, electric heaters & luxury vinyl tile (LVT) flooring.

Rental Potential:

• Expected rental income: £650+ pcm

• Previously let at £675 - £875 pcm (tenant covering own electricity)

• Estimated rental yield: 12-15%

Prime Location:

Situated close to Singleton Hospital, Singleton Park, and the beach, with excellent local amenities and transport links

VIRTUAL TOUR

Accommodation

First Floor Entrance, kitchen shower/wc lounge/bedroom

Council Tax Band

B

Tenancies

To be sold with vacant possession but should let at £650.00 pcm

Please note the property was previously Let at the below:

£875 per month (inclusive of all bills)
£675 per month (exclusive of bills)

INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.

Tenure

Advised Leasehold - The term of the lease is 1000 years from March 1914 (889 years remaining on the lease) 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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Office Contact

Sean Roper

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