Lot 54 - 2 Canaan Row, St. Thomas, Swansea, West Glamorgan, SA1 8EQ
Lot 54 - 2 Canaan Row, St. Thomas, Swansea, West Glamorgan, SA1 8EQ
Guide Price* : £54,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
Lot 54 - Flats for Owner Occupation/Investment
Description
ONLINE AUCTION from 6th - 8th October
A bay fronted property that was most recently separated into two flats and now requires improvement works. The property would also suit use as HMO or one spacious family home and offers easy access to Swansea City Centre, Swansea University, and the M4.
The property has been stripped back in readiness for the improvement works to commence however the property benefits from UPVC double glazing and we are informed the roof was replaced a few years ago.
The demand for rental property in the area is strong and the expected rental income for two flats would be in the region of £14,000 -£15,000k per annum.
Accommodation
Ground Floor:Communal entrance area
Flat 1: Former Entrance, Bedroom, Lounge, Kitchen, Bathroom
Flat 2: Stairs to first floor Landing, Former Lounge, Bedroom, Kitchen and Shower room
Outside: Forecourt and Rear Garden with Yard Area
Council Tax Band
A
Tenancies
To be sold with vacant possession but should Let at £15,000 per annum.
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* : £54,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
Lot 54 - Flats for Owner Occupation/Investment
Viewing
Paul Fosh Auctions
Office Contact
Sean Roper
Documents
Legal Documents
Log in to view legal documentsAuction 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.