Lot 3 - Fox Corner, Church Street, Wells-next-the-Sea, Norfolk, NR23 1HZ
- Unconditional Online Auction Sale
- Guide Price* : £19,000
- Bedrooms: 2
- Bathrooms: 1
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Lot 3 - Cottage for Owner Occupation/Investment
Description
ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY
A beautiful 2 bedroom property set in a charming location in Wells-next-the-Sea, Norfolk. This stone built character cottage is centrally located, and only a 15 minutes stroll to the sea.
As you enter the property the kitchen is to your left, with a bathroom and lounge area. You also have your first bedroom to the right. Leading up the staircase you will find a large second bedroom. This property also offers a garage at the front of the property, with potential for conversion.
If you are looking at purchasing the property as an investment for rental, from recent comparables online, you could expect to receive approximately £1,250pcm if the property is presented to a good standard.
If purchasing as a holiday let investment, you could expect to achieve around £1,200 per week based on comparable on sites such as Airbnb and booking.com as a self catering accommodation. This will generate an income of around £4,200 -£4,800 pcm, notwithstanding costs such as cleaning fees etc.
Wells-next-the-Sea is a charming, historic seaside town in North Norfolk, famous for its sandy beach, colorful beach huts, bustling harbor with a nostalgic quay, and nearby pine woods. The area is booming all year round with tourists visiting for holidays and staycations.
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Tenancies
To be sold with vacant possession
Tenure
Advised 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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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