Lot 68 - 3 Wick Cottages, Porthcawl, CF36 5LR

  • Unconditional Online Auction Sale
  • Guide Price* : £143,000 +

LOT 68 - Property for Renovation

Description

ONLINE AUCTION from 12th APRIL-14th APRIL

Situated a short distance from Porthcawl sea front, this two bedroom cottage would make an ideal investment.

The property requires full renovating and comprises lounge, kitchen and first floor bathroom. To the rear there is an enclosed garden.

Further benefits include double glazing and gas central heating provided by a Worcester combination boiler (not tested).

The property would make an ideal Airbnb with similar properties prices ranging from around £150 - £220 per night.

Rental properties in the area can achieve around £650 -£750 per calendar month depending on standard.

The property is located close to local amenities and the M4 (junction 37) is only approximately 2 miles away.

Accommodation

Ground Floor: Lounge, kitchen
First Floor: 2 bedrooms, bathroom
Outside: Rear garden

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 of 1.2% of the purchase price (subject to a minimum of £975) 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.

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Paul Fosh Auctions
01633 254044

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