Postponed till our next auction on Thursday 9th February 2023

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By Order of a Major Housing Association

A freehold detached house arranged as 2 x self contained flats (GF: 512 sq ft, FF: 467 sq ft) with parking and gardens. Development potential, vacant.

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Description/Location

The property will benefit from cosmetic refurbishment and is situated in an established residential area. We estimate current rental values are £600 pm per flat. The upper flat could easily be reconfigured to a 1 bedroom layout, there is good potential to extend on the ground floor and into the loft to create 2 bedroom units, subject to planning.

Tenure

Freehold

Viewing

Network Auctions - 020 7871 0420

Accommodation

Ground Floor: Front door to entrance hall with doors to both flats. Flat 1: Entrance hall, sitting room, bedroom, kitchen, bathroom. First Floor: Flat 2: Hallway, living room / bedroom, kitchen, bathroom. Outside: Front garden with space for a car, rear garden.

Rent

ERV: £14,400 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.