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Brochure
Floor Plan
£70,000 Guide Price
2 Bedroom Terraced House For Sale
Count Street, Kingsway, OL16 5LP
Key Features
- kingsway
- freehold
- council tax band a
- epc rating d
- btl landlord opportunity
- gross annual rent of £6175
- for sale by the modern method of auction
- gas combi central heating
- ideal turn key investment
- freehold
- council tax: a
Property Description
SUMMARY
A rare opportunity to purchase a tenanted, Two Bedroom, Mid Terrace property producing a gross annual yield of circa 8.8% at the guide price.
The property comprises of a large lounge, large kitchen / diner, landing, two bedrooms, dressing room and bathroom.
Early viewings recommended.
Please note the auction listing will appear on the I Am Sold website and this is where you should register to submit offers and view the legal pack
https://www.iamsold.co.uk/auction/properties/663d4e6bc7444cb29866815b0f706908
KEY FACTS FOR BUYERS REPORT
To view information specific to the property please open our Key Facts for Buyers report
TENANCY INFORMATION
Please note the property is currently tenanted within an Assured Shorthold Tenancy at £475 p4w until 23rd January 2023, generating a gross yield of circa 8.8% at the guide price.
The property is to be bought as an investment only with the tenants in situ. The purchase method will therefore either need to be cash, or a buy to let mortgage in order to satisfy banking requirements.
As Martin & Co currently manage the property / tenancy, we can facilitate a smooth transfer of the tenancy to the new landlord and continue to manage the property for you, providing a true turn key investment.
AUCTIONEERS COMMENTS
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction.
The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the
purchaser to exchange contracts immediately, but grant 28 days to achieve
exchange of contracts from the date the buyer's solicitor is in receipt of the
draft contracts and a further 28 days thereafter to complete. Allowing the
additional time to exchange on the property means interested parties can
proceed with traditional residential finance. Upon close of a successful
auction or if the vendor accepts an offer during the auction, the buyer
will be required to put down a non-refundable Reservation Fee of 3.5%
subject to a minimum of £5,000 plus VAT which secures the transaction
and takes the property off the market.
The buyer will be required to sign an
Acknowledgment of Reservation form to confirm acceptance of terms prior
to solicitors being instructed. Copies of the Reservation form and all terms
and conditions can be found in the Legal Pack which can be downloaded
for free from the auction section of our website or requested from our
Auction Department.
Please note this property is subject to an undisclosed Reserve Price
which is generally no more than 10% in excess of the Starting Bid. Both
the Starting Bid and Reserve Price can be subject to change. Terms and
conditions apply to the Modern Method of Auction, which is operated by
iam-sold Ltd.
LOUNGE 13' 9" x 15' 10" (4.21m x 4.97m)
KITCHEN/DINER 13' 9" x 16' 0" (4.21m x 4.9m)
LANDING
BEDROOM ONE 13' 9" x 15' 10" (4.21m x 4.84m)
BEDROOM TWO 7' 1" x 13' 4" (2.16m x 4.07m)
DRESSING ROOM 6' 7" x 7' 8" (2.01m x 2.36m)
BATHROOM 6' 5" x 7' 10" (1.96m x 2.41m)
EXTERNAL
On street parking to the front, communal area to the rear
NEED A BTL MORTGAGE?
Why be restricted to your current or high street lenders rates?
Especially when Martin & Co can introduce you to our Mortgage Advisor with access to a comprehensive panel of over 80 lenders, including a range of off market products, offering potential savings against your current lender.
Call today to arrange a ten-minute (no obligation) telephone consultation (at a time to suit you)
One quick call could potentially save you thousands of pounds over the course of your mortgage.
Please remember, your home is at risk if you do not keep up with your mortgage repayments.
LOOKING TO SELL OR RENT YOUR PROPERTY?
At Martin & Co we have over 25 years' experience working with landlords, tenants, sellers, buyers and investors.
We have over 160 owner managed offices throughout the UK ready to help you let a property, rent a new home, buy or sell.
Don't take our word for it, let our actions convince you!!
Martin & Co Rochdale and Bury are licensed and regulated by The Property Ombudsman, ARLA and NAEA Propertymark for your peace of mind.
Please contact our office today to discuss your individual requirements, or to arrange a free no obligation valuation.
A rare opportunity to purchase a tenanted, Two Bedroom, Mid Terrace property producing a gross annual yield of circa 8.8% at the guide price.
The property comprises of a large lounge, large kitchen / diner, landing, two bedrooms, dressing room and bathroom.
Early viewings recommended.
Please note the auction listing will appear on the I Am Sold website and this is where you should register to submit offers and view the legal pack
https://www.iamsold.co.uk/auction/properties/663d4e6bc7444cb29866815b0f706908
KEY FACTS FOR BUYERS REPORT
To view information specific to the property please open our Key Facts for Buyers report
TENANCY INFORMATION
Please note the property is currently tenanted within an Assured Shorthold Tenancy at £475 p4w until 23rd January 2023, generating a gross yield of circa 8.8% at the guide price.
The property is to be bought as an investment only with the tenants in situ. The purchase method will therefore either need to be cash, or a buy to let mortgage in order to satisfy banking requirements.
As Martin & Co currently manage the property / tenancy, we can facilitate a smooth transfer of the tenancy to the new landlord and continue to manage the property for you, providing a true turn key investment.
AUCTIONEERS COMMENTS
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction.
The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the
purchaser to exchange contracts immediately, but grant 28 days to achieve
exchange of contracts from the date the buyer's solicitor is in receipt of the
draft contracts and a further 28 days thereafter to complete. Allowing the
additional time to exchange on the property means interested parties can
proceed with traditional residential finance. Upon close of a successful
auction or if the vendor accepts an offer during the auction, the buyer
will be required to put down a non-refundable Reservation Fee of 3.5%
subject to a minimum of £5,000 plus VAT which secures the transaction
and takes the property off the market.
The buyer will be required to sign an
Acknowledgment of Reservation form to confirm acceptance of terms prior
to solicitors being instructed. Copies of the Reservation form and all terms
and conditions can be found in the Legal Pack which can be downloaded
for free from the auction section of our website or requested from our
Auction Department.
Please note this property is subject to an undisclosed Reserve Price
which is generally no more than 10% in excess of the Starting Bid. Both
the Starting Bid and Reserve Price can be subject to change. Terms and
conditions apply to the Modern Method of Auction, which is operated by
iam-sold Ltd.
LOUNGE 13' 9" x 15' 10" (4.21m x 4.97m)
KITCHEN/DINER 13' 9" x 16' 0" (4.21m x 4.9m)
LANDING
BEDROOM ONE 13' 9" x 15' 10" (4.21m x 4.84m)
BEDROOM TWO 7' 1" x 13' 4" (2.16m x 4.07m)
DRESSING ROOM 6' 7" x 7' 8" (2.01m x 2.36m)
BATHROOM 6' 5" x 7' 10" (1.96m x 2.41m)
EXTERNAL
On street parking to the front, communal area to the rear
NEED A BTL MORTGAGE?
Why be restricted to your current or high street lenders rates?
Especially when Martin & Co can introduce you to our Mortgage Advisor with access to a comprehensive panel of over 80 lenders, including a range of off market products, offering potential savings against your current lender.
Call today to arrange a ten-minute (no obligation) telephone consultation (at a time to suit you)
One quick call could potentially save you thousands of pounds over the course of your mortgage.
Please remember, your home is at risk if you do not keep up with your mortgage repayments.
LOOKING TO SELL OR RENT YOUR PROPERTY?
At Martin & Co we have over 25 years' experience working with landlords, tenants, sellers, buyers and investors.
We have over 160 owner managed offices throughout the UK ready to help you let a property, rent a new home, buy or sell.
Don't take our word for it, let our actions convince you!!
Martin & Co Rochdale and Bury are licensed and regulated by The Property Ombudsman, ARLA and NAEA Propertymark for your peace of mind.
Please contact our office today to discuss your individual requirements, or to arrange a free no obligation valuation.
Map view
