To Buy £300,000 - Mid Terraced House
*** STUNNING FULLY RENOVATED FIVE BEDROOM HMO INVESTMENT PROPERTY IN CV1 *** With spacious living room, superb re-fitted kitchen, brand new bathrooms, new carpets, full re-plastered decoration and loft extension. High yielding returns located near City centre /Coventry University. No chain..FOR SALE BY CONDITIONAL ONLINE AUCTION SDL AUCTIONS 0345 222 0197
Foster Lewis and Co are delighted to offer for sale this superb fully renovated five bedroom mid terraced home, which has been carefully modernised and extended to become a three storey House of Multiple Occupancy investment.
The property is located in Lower Coundon near the City centre and within walking distance of the University of Coventry.
The deceptively spacious accommodation offers a porch entrance into hallway, a large communal living room with stylish spacious fitted kitchen with French doors onto the green mature rear garden.
To the front aspect on the ground floor there is bay fronted bedroom with en suite. To the first floor there are three further bedrooms with en suite before a second stairwell to master double bedroom with final en suite.
The property has new gas central heating, re-wired electrics and has been taken back to brick with re-plastered walls and ceilings throughout.
Viewings – only through Foster Lewis and Co head office on 02476 592929
FOR SALE BY CONDITIONAL ONLINE AUCTION
See Legal Pack
The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Start Price. The Start Price, also known as a Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms which is available to download on our SDL Auctions website.
Online Auction Registration
Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website – sdlauctions.co.uk/property-auctions/online/
This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents.
After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.
In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.
Conditional Online Auction Procedure
If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period the sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.
The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.
We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer.
Full terms and conditions are available on the SDL Auctions website – sdlauctions.co.uk/wp-content/uploads/2019/04/SDL-Auctions_buyer-terms.pdf
Money laundering Act – intended purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
Council Tax – please refer to www.voa.gov.uk to verify this information.
Tenure – the vendor has confirmed verbally to us that the property is Freehold but you should check this with your legal advisor before exchanging contracts.
Description – measurements are approximate and some may be maximum on irregular walls. Some images may have been taken with a wide angle lens and occasionally a zoom lens. The plan shows the approximate layout of the rooms to show the inter relationship of one room to another.
Consent – we have not had sight of any relevant building regulations, guarantees or planning consents and all relevant documentation pertaining to this property should be checked by your legal advisor before exchanging contracts.
Agents Opinion – these details imply the opinion of the selling agent at the time of these details were prepared and are subjective. It may be that the purchasers opinion may differ.
Every attempt has been made to ensure accuracy, photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures and fittings, therefore potential buyers are advised to recheck the measurements before committing to any expense. In accordance with the Property Mis descriptions Act (1991) the following particulars have been prepared in good faith and they are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. Foster Lewis and Co has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.