6 Bed Terraced (House) for Sale
Meddon Street, BIDEFORD£165,000 Add to Portfolio
Terraced (House) for Sale in Meddon Street, BIDEFORD
Interested in this property? Call us today: 01271 410108
A smartly present 6 bedroom investment property with self contained ground floor bedsit and 5 additional letting rooms with shower room and 2 WC's PLUS 2 parking spaces and large kitchen dining room. A superb investment with potential annual income of in excess of £30,000 per annum giving a gross yield of 16.5-18.5%. NO CHAIN. For sale by Modern Method of AUCTION: Starting bid price £165,000 Plus reservation fee.** | Auction end date TBC |
6 Bedroom Investment Property
1 Bedsit and 5 lettable rooms
2 Off Road Parking spaces
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, granting 56 days for completion with an aim to exchange contracts 28 days from the date the buyer’s solicitor is in receipt of the draft contracts. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3 % to a minimum of £6000.00 including VAT which secures the transaction and takes the property off the market. 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. The buyer will be required to sign an ‘Acknowledgement of Reservation’ form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Match Property Auctions powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.
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 widow 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 housing main gas boiler, large bed sitting room with double glazed window to rear and fitted shower room with WC and wash basin.
11' 8" x 11' 5" (3.56m x 3.48m) With double glazed window to front and pedestal wash basin . Radiator and fitted carpet. Currently furnished to include fridge and kettle.
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. Currently furnished to include fridge and kettle.
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. Currently furnished to include fridge and kettle.
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. Currently furnished to include fridge and kettle.
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. Currently furnished to include fridge and kettle.
With double glazed window to the front, double shower cubicle, WC, pedestal wash basin and cupboard.
With WC and washbasin
To the front of the property is an enclosed walled courtyard area and to the rear, through the archway, are 2 off road parking spaces.
The property is liable to licencing requirements for Houses in Multiple Occupation (HMO)with the local authority. Council Tax band A