FOR SALE BY ONLINE AUCTION – 6 WEEKS’ COMPLETION - Ideal letting investment with an estimated rent of £1,300 - £1,400 PCM, representing a gross yield of 6.5% - 7.0%. A vacant character 1 bedroom detached house requiring modernisation, located in private development close to Addenbrookes and the City Centre.
Auction date
To be sold by online auction on Friday 25th November 2022 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Popular location * Close to Addenbrookes and the City Centre * Rail service from Cambridge station to London Kings Cross and Stansted Airport * M11 access at junction 11
Description
* Detached character house * 1 bedroom * Requires modernisation
Accommodation
Comprises:
Ground floor
Entrance hall, bedroom, bathroom
First floor
Open plan living room and kitchen
Outside
Residents parking
EPC rating
E
Tenure
Share of Freehold with vacant possession
Lease
99 years from 29 September 1988, 65 years remaining. A new lease of 999 years will be granted on completion subject to the buyer undertaking the sellers legal fees of £715 plus VAT, please see legal pack for further details.
Ground rent and service charge
Please see legal pack for further details.
Council tax band
C - Cambridge
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
* 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.
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.
Whether you’re looking to sell or let your property, we can provide you with a free, accurate valuation based on our expert knowledge and the latest trends in your local area.
Call 01344 753120
enquiries@firstforauctions.co.uk
