ONLINE AUCTION from 8th SEPTEMBER
A great opportunity for investment, a mid terrace house with a HMO licence in place, with four lettable rooms. The house has been improved and maintained to a good standard. The property benefits from UPVC double glazing, gas central heating (not tested), the kitchen has been recently refurbished and offers an attractive communal area for residents.
It is within an approximate five minute walk to the University of South Wales. There is also Treforest train station nearby which can be accessed within a few minutes from the property and provides links to Cardiff in the south, making it ideal for commuters.
Ground Floor: Landing, communal lounge, 1 double bedroom, kitchen/diner, shower-room
First Floor: Landing, 2 double bedrooms, 1 single bedroom
Outside: Rear garden area, brick built storage shed
2 double rooms are currently let at £234 pcm and the single room is let at £210 pcm (on AST agreements). Fully let we would anticipate a rent of approximately £910 pcm (£10,920 pa). The property is currently let to working professionals but is receiving a lot of interest from students who attend the local university. Fully let, this property could offer a very attractive yield.
Advised Freehold - to be verified by solicitor
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £750) 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. 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.
This auction is now closed.
Connecting to server...
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.