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Kinver Street, Smallthorne, ST6 1JZ

2 Bed

1 Bath

Contact Us
Fees Apply

Kinver Street, Smallthorne, ST6 1JZ

2 Bed

1 Bath

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Great investment opportunity

Attention Landlords

Potential gross yield over 10%

Potential annual income over £6,000.

Two bedrooms

Open plan living area

Kitchen

Ground floor bathroom

Disclaimer refer to the property introduction

For sale by public auction on Monday 20th of June 2022 at 6:30pm prompt at the Double Tree By Hilton Festival Park Stoke-on-Trent.

For sale by public auction on Monday 20th of June 2022 at 6:30pm prompt at the Double Tree By Hilton Festival Park Stoke-on-Trent.

This is a great investment opportunity for a landlord. In need of some moderate modernisation, the new owner can add future value to this property, move a tenant in and gain circa £6,000. - £6,600. annual income, that's a gross yield of over 10%

The property comprises an open plan lounge/dining area, kitchen, ground floor bathroom, two bedrooms and a courtyard pathway to the rear.

DISCLAIMER. It is suggested that potential purchaser’s make their own enquiries of mortgage lenders as to whether the property is mortgageable prior to making a bid at auction. This property has had a past partial removal of a chimney beast.

Disclaimer

Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

Location

More Information

Domestic Rates 0.00

Room Descriptions

Ground Floor

Reception Room

7.577 x 3.386 reducing to 2.375

Measured into the alcove. An open plan lounge/dining room with a wooden entrance door. Upvc windows to front and rear. Under stairs store cupboard. Two radiators. Coving to the ceiling.

Kitchen

3.762 x 1.896

Kitchen units fitted at wall and base level. Integral oven/grill. Four ring electric hob. Space for washing machine and fridge. Stainless steel sink set into work surfaces with tiled splash backs. Tiled floor. Wall mounted gas fired boiler set into a wall unit. Upvc window to the side. Radiator.

Rear Hall

Wooden door to the rear. Tiled floor.

Bathroom

2.214 x 1.615

Panel bath with shower hose over. Pedestal wash hand basin. Close coupled WC. Tiled walls and floor. Upvc window to the side. Radiator.

First Floor

Bedroom One

3.373 x 3.093

Upvc window to the front. Radiator.

Bedroom Two

4.356 x 2.310

Upvc window to the rear. Radiator. Access to the loft. Built in wardrobe.

Exterior

To the rear there is a courtyard pathway to the rear access.

Common Auction Conditions

This property is sold subject to our Common Auction Conditions (a copy is available on request).

Buyers Administration Fee

A buyers administration fee of £960 including VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.

Legal Pack

Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website www.buttersjohnbee.com. Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendors solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.

Viewings

To view this lot, please contact the selling office, alternatively: This property could be listed on our viewing schedule which can be found in the auction catalogue or on our web site.

Internet, Telephone & Proxy Bidding

Interested in this lot but can’t attend the auction? You can bid by internet, telephone or by proxy, by pre-registering with our auction department on 0800 090 2200 or email auction@bjbmail.com. Further details are available in the catalogue.

Addendum

Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.

Guide Price

An indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve

The sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Proof of Identity

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Disclaimer

DISCLAIMER. It is suggested that potential purchaser’s make their own enquiries of mortgage lenders as to whether the property is mortgageable prior to making a bid at auction.

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