Postponed till our next auction on Thursday 9th February 2023

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A large, recently refurbished mid terrace house (1,151 sq.ft. - source EPC) with 5 letting rooms (1 en-suite) - vacant

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Description/Location

Prior to refurbishment the property had been let as 4 rooms producing £25,200 pa. We estimate that if the property were licensed as a 5 bedroom HMO the potential rent is £31,200 pa. The property is situated in close proximity to Barnstaple town centre and is sold furnished. Barnstaple railway station 0.4 miles approx. and bus station approx 0.1 miles. On street parking permits available and car park with permit parking approx. 200 metres.

Tenure

Freehold
EPC rating D

Local Authority

Viewing

Charles Darrow Network Auctions on 01271 321122

Accommodation

Ground floor: Entrance hall, cloakroom, 2 x letting rooms, kitchen/dining room First floor: 2 x letting rooms, bathroom and separate w.c. Second floor: 1 x letting room with en-suite Outside: Yard to rear

Rent

Estimated rental value £31,200 p.a.

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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.