Catch Bar Lane, Sheffield, S6 1TA
£40,000
Guide Price
Property Features
- 1 bedroom mid-terraced tenanted property
- Priced competitively for Property Solvers' 28-day (unconditional) auction
- Under rented at £375 per calendar month (representing an 11.25% gross yield on guide price)
- Decent sized back garden
- Located in the sought-after Hillsborough district of Sheffield
- Gas Central Heating (GCH) and uPVC windows throughout
Property Summary
This property is to be offered for sale by PROPERTY SOLVERS ONLINE UNCONDITIONAL AUCTION (28-DAY IMMEDIATE EXCHANGE).Bidding opens on 2nd December 2019 at 12:00pm and closes on 23rd December 2019 at 12:00pm with a GUIDE PRICE of £40,000.
Property Solvers Auctions (Sheffield) presents this good sized 1-bedroom property, currently under rented at £375 per calendar month (representing an 11.25% gross yield on guide price).
A fantastic investment opportunity awaits with this one-bedroom mid-terraced house offering spacious living. There is a decent sized garden at the rear.
The property has full gas central heating and uPVC windows throughout.
The property is located in the sought-after Hillsborough district of Sheffield, boasting an array of local amenities and transport links
With tenants in situ currently paying £375 per calendar month (£4,500 per annum), Property Solvers Auctions (Sheffield) believes there is strong potential to increase the rent.
More Information
The Property Solvers Auctions enquiry line is open 24/7 and we're happy to answer any questions.
28-day unconditional auction terms + conditions, AML requirements and fees are available on our website (Google "Property Solvers Auctions" and select "Auction Property for Sale" in the navigation).
The preliminary legal pack can be viewed directly via the auction listing itself. Property Solvers Auctions will update the legal pack and inform all parties that express interest in bidding. For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.
Notice to Bidders
Please be aware that if your bid is successful on auction day, the exchange of contracts will happen immediately after the Auction. A 10% deposit will be required.
As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license). For a full list of requirements please see the legal pack documents.
Buyer Reservation Fee
A 2% + VAT (non-refundable) fee + £125 + VAT processing fee will be due from the winning bidder.
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.
