Property details
An excellent investment opportunity to purchase this two-bedroom terraced property, that would be ideal for buy-to-let purposes following re-decoration throughout or reconfiguration/renovation opportunity subject to necessary planning permissions. We also note that the property could produce a potential rental figure of £900-£950pcm with some redecoration throughout, producing a healthy gross yield of around 10% (based on the auction guide price).In brief the property offers a lounge reception room, kitchen, utility area and family bathroom to the ground floor and two well-proportioned bedrooms can be found to the first floor. Externally there is a generously sized rear courtyard garden which is mostly laid to lawn currently and on street parking.
The property is conveniently located in Bishopgate Green, Coventry with an array of local amenities and transport links to Coventry City Centre and surrounding locations.
Auction Details:
Live Auction Event
Wednesday 12th February 2025 at 1.00pm
Live Stream Auction
Auction Terms
The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.
The sale of this property will take place on the stated date by way of a live public auction event and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.
Binding contracts of sale will be exchanged at the point of sale.
Auction Deposit and Fees
The following deposits and non-refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1500 inc. VAT
There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.
Tenure and Possession
The property and land are freehold. Vacant possession will be given upon completion which is normally 20 working days after the auction. Please refer to the Legal Pack for further details.
Guide Price & Reserve Price
The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).
Plans
Plans shown are for identification purposes only.
Services
It is understood that mains water, drainage, gas and electricity are connected to the property, though these services have not been tested. Buyers are advised to make their own enquiries to confirm the connected services.
Directions
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Bidder Registration and Auction Legal Pack
If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/
You can opt to bid online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk
The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.
If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account.
Legal Documents & Additional Costs
It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.
Viewings
All viewings are by appointment only through the Auction Department.
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Property location
Property Floorplan
