Fully occupied and licensed 6 bedroom investment property in Bideford, North Devon
25 Meddon Street, BIDEFORD, EX39 2EF
- 5
Guide Price: *
£212,000
Fees apply
Reservation fee:2.4% (min. £6,000)
Legal fee:£360
All fees include VAT at 20%
Auction Type:
Conditional
Sold for:
£212,000Bid history
1 bidC
28/06/2023 07:53:00 - £212,000
A fully licensed 6 bedroom investment property with self-contained ground floor bedsit and 5 additional letting rooms with shower room and two WC's plus off road parking and large kitchen dining room. Although in need of some updating it is a superb investment with potential annual income of just under £28,000 per annum giving a gross yield of up to 15%.
A fully licensed 6 bedroom investment property with self-contained ground floor bedsit and 5 additional letting rooms with shower room and two WC's plus off road parking and large kitchen dining room. Although in need of some updating it is a superb investment with potential annual income of just under £28,000 per annum giving a gross yield of up to 15%.
Entrance Hall - With stairs to first floor and storage cupboard, wall mounted control panel for integrated alarm system. Kitchen Dining Room 14' 2" x 10' 8" (4.32m x 3.25m) Double glazed window to front, fitted wall and base units with roll top work surface over, fitted stainless steel sink and drainer, space for multiple appliances.
Self Contained Studio 16' 4" x 14' 1" (4.98m x 4.29m) plus Kitchen area 8' 8" x 5' 1" (2.64m x 1.55m) - A spacious ground floor self contained studio with fitted kitchen, large bed sitting room with double glazed window to rear and fitted shower room, housing main gas boiler, with WC and wash basin.
Room 1 11' 8" x 11' 5" (3.56m x 3.48m) - With double glazed window to front and pedestal wash basin . Radiator and fitted carpet.
Room 2 11' 8" x 11' 5" (3.56m x 3.48m) - With double glazed window to rear, pedestal wash basin and built in cupboards. Radiator and fitted carpet.
Room 3 9' 1" x 8' 11" (2.77m x 2.72m) - With double glazed window to rear, pedestal wash basin and built in cupboard. Radiator and fitted carpet.
Room 4 11' 10" x 10' (3.61m x 3.05m) - With double glazed window to rear, pedestal wash basin and built in wardrobe. Radiator and fitted carpet.
Room 5 11' 9" x 9' 11" (3.58m x 3.02m) - With double glazed window to front, pedestal wash basin and built in wardrobe. Radiator and fitted carpet.
Shower Room - With double glazed window to the front, double shower cubicle, WC, pedestal wash basin and cupboard.
WC - With WC and washbasin
Outside - To the front of the property is an enclosed walled courtyard area and to the rear, through the archway, is an off road parking area.
Agents Notes - The property is liable to licencing requirements for Houses in Multiple Occupation (HMO) with the local authority.
Currently fully licenced.
Council Tax band A for main house and flat.
All tenants on Assured Shorthold Tenancies
Summary
- Auction end
- 28th Jun at 08:00
- Property type
- Residential
- Tenure
- Freehold
- Bedrooms
- 6+
- Bathrooms
- 3+
- Council tax band
- A
Summary
- Auction end
- 28th Jun at 08:00
- Property type
- Residential
- Tenure
- Freehold
- Bedrooms
- 6+
- Bathrooms
- 3+
- Council tax band
- A
This property is being sold by:
Match Property
01271 410108
3 Paiges Lane Barnstaple, Devon EX31 1EF
†Conditional auction
If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above). All properties sold by conditional auction are sold subject to a reservation fee which is clearly stated in the terms and conditions attached to the property and in the bidding box before a bid is placed. The reservation fee is payable in addition to the final purchase price and is received on a non-refundable basis, subject to the terms of the Reservation Agreement. To ensure that the successful bidder proceeds, the winning buyer is automatically charged a reservation fee and agrees prior to making their bid, to pay any outstanding amount of the property reservation fee immediately at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), the reservation fee shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), they will forfeit the full amount of the reservation fee.Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
* 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 Match Property 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 Match Property 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.
