57 Summerland Avenue, Minehead, Somerset, TA24 5BN
57 Summerland Avenue, Minehead, TA24 5BN
- 8
Key features
Guide Price: *
£285,000
Fees apply
Buyer's fee:£3,600
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£285,000Bid history
0 bidsINVESTMENT OPPORTUNITY FOR SALE BY ON LINE AUCTION
A substantial three storey semi-detached house divided into three self-contained flats and a potential bedsit situated in a convenient level location just off the town centre with garden, garage and parking.
A substantial double bay fronted three story semi-detached period house situated in a convenient level location within walking distance of the town centre and sea front. The property is currently divided into three 2 and 1 bedroom apartments together with a potential bedsit and is offered for sale as an investment. The property is double glazed, partial electric heating and the rooms are generous with high ceilings and there is scope to upgrade and remodel the building.
The ground floor apartment is currently let on a 6 month shorthold tenancy at £750.00 pcm and in brief comprises; hall, sitting room, kitchen/diner, two bedrooms and a bathroom.
The first floor apartment is let on a 6 month shorthold tenancy at £750.00 pcm and in brief comprises; hall, sitting room, kitchen/diner, two bedrooms and bathroom.
There is also a potential bedsit on the first floor which has a shower and plumbing in place for W.C and basin but does require renovation. On the second floor is a further apartment currently vacant and in brief comprises; living room/kitchen, bedroom, bathroom, store room and eaves store. To the front there is a small garden behind a low stone wall and to the rear is a garden area currently divided into sections and there is a detached garage and a parking space.
Based upon current rental values and after upgrading, potential monthly rental values are £850.00 for each two bedroom apartments, £650.00 for the second floor apartment and £400.00 for the bedsit giving a potential gross monthly income of £2,750.00.
ACCOMMODATION AND ROOM SIZES
GROUND FLOOR APARTMENT
Sitting Room
16' x 15'1" (4.88m x 4.6m) Into bay
Bedroom
18'4" x 14'9" into bay (5.6m x 4.5m)
Bedroom
10'x 10' (3.05m x 3.05m) Plus recess
Kitchen/Dining Room
14'9" x 13' (4.5m x 3.96m)
Bathroom
8'10" x 5'10" (2.7m x 1.78m)
FIRST FLOOR APARTMENT
Sitting Room
16' x 15'1" into bay (4.88m x 4.6m)
Bedroom
10'3" x 7'9" (3.12m x 2.36m)
Kitchen/Dining Room
13' x 12' (3.96m x 3.66m)
Bathroom
7'9" x 6'1" (2.36m x 1.85m)
FIRST FLOOR BEDSIT
Bed/Sitting Room
12'5" x 8'10" (3.78m x 2.7m)
Shower Room
8'10" x 5'1" (2.7m x 1.55m)
SECOND FLOOR APARTMENT
Kitchen/Sitting Room
16'4" x 12'6" (4.98m x 3.8m)
Bedroom
9'10" x 8'8" (3m x 2.64m)
Store
9' x 5' (2.74m x 1.52m)
Eaves Storage
21' x 7'5" (6.4m x 2.26m)
SERVICES
Mains water, drainage and electric.
LOCATION
Minehead has an excellent range of shopping, banking and schooling facilities together with bowling, tennis, golf and the beautiful Blenheim Gardens which still has the original bandstand. The old harbour and seafront are within a mile and the county town of Taunton which has mainline rail connections and access to the motorway network is approximately twenty five miles to the east. For those who enjoy exploring the countryside Minehead is often referred to as the Gateway to the Exmoor National Park and the many renowned places of interest are all within motoring distance.
Traditional Online Auction Information This Property is for sale traditional online auction. This means that Exchange will occur when the online timer reaches zero (provided the seller’s reserve price has been met or exceeded). The winning buyer Will be legally obliged to purchase the Property at this Price. Pricing Information The Guide Price amount specified is an indication of each seller’s minimum expectation. It is not necessarily the amount at which the Property will sell.
Summary
- Auction end
- 17th Nov at 12:00
- Property type
- Residential
- Tenure
- Freehold
- Bedrooms
- 6+
- Bathrooms
- 3+
- Council tax band
- A
Summary
- Auction end
- 17th Nov at 12:00
- Property type
- Residential
- Tenure
- Freehold
- Bedrooms
- 6+
- Bathrooms
- 3+
- Council tax band
- A
This property is being sold by:
Webbers - Minehead
01643 706917
9 Floyds Corner, Minehead, Somerset, TA24 5UW
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Webbers Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Webbers Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
