Lot 23 - Mallow Cottage Snodwell Farm, Post Lane, Cotleigh, Honiton, Devon, EX14 9HZ

  • Unconditional Online Auction Sale
  • Guide Price* : £10,000+
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 1

Lot 23 - Cottage for Investment

Description

ONLINE AUCTION from 10th MARCH-12th MARCH

Mallow Cottage, a beautiful property set in a popular area of Devon. Offering off road parking, a small rear patio area and small enclosed front patio area. Set in close proximity to the local town of Honiton, Devon. You will need to install a rear patio door to access the courtyard.

This is the last cottage for sale on site. It is a cosy two bedroom cottage and is set over two storeys, plenty of space to offer throughout. Downstairs there is an open plan lounge/kitchen area with an utility room and built in under stairs cupboard. Upstairs it has two large bedrooms with family bathroom.

Fantastic views to the courtyard. The property boasts all of its original features, it will make a beautiful second home or to rent out to the local holiday market and create a fantastic income opportunity.

The property offers a great opportunity to buy, renovate and sell back on to the open market should you wish to invest short term. Modernisation is required but the property should offer a great return.

Another fantastic market for this property would be to use as a bolt hole/holiday let with it being set in the heart of the Devonshire countryside. This property could potentially sleep up to 6 guests if you put in a sofa bed downstairs.

As a holiday let and refurbished to a high standard the property could generate a Gross rental income of approximately £60,000 per annum with the property accepting pets and potentially adding a hot tub. This would make winter and summer staycations appealing to dog owners and walkers. Self catering accommodation is a thriving market, and this is property is in a beautiful and popular location.

What3Words - dairies.exonerate.honey

Tenancies

To be sold with vacant possession
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 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.

Loading the bidding panel...

Want Auction updates? Sign up here

Viewing

Paul Fosh Auctions
01633 254044

Office Contact

Sean Roper
01633254044

Documents

Legal Documents

Log in to view legal documents

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.

Follow