Lot 42 - 6 Geiriol Road, Townhill, Swansea, West Glamorgan, SA1 6QP
Guide Price* : £63,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
- |
- 1 Bathroom
Lot 42 - Residential Investment
Description
ONLINE AUCTION from 29th JULY-31st JULY
An opportunity to acquire a terraced property situated in a well established residential location close to local amenities and shops. The property is sold with an established tenant and is an ideal buy to let investment.
VIRTUAL TOUR
Accommodation
Ground Floor Entrance hallway, Lounge, Kitchen
First Floor Landing, Beds 1 & 2, Bathroom
Outside Front and rear gardens
Tenancies
Currently let at £600pcm (with scope to be increased) - £7,200 per annum
There is additional income from the solar panels that is FIT contracted with OVO for another 10 years.
Latest payment from OVO was £1,025 for July 23 to December 24. The payment per kw generated is index linked and increases every year, which for the system size will provide an approximate income of just under £1,000 per year.
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
Guide Price* : £63,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
- |
- 1 Bathroom
Lot 42 - Residential Investment
Viewing
Paul Fosh Auctions
Office Contact
Sean Roper
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.