Auction Property

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Auction Finance Available

Location: 7 Princess Street, Treforest, Pontypridd, CF37 1RY

Summary:
Well presented mid-terraced property with four letting bedrooms

Guide Price: 75,000+

Full Description:

A four bedroom property in the heart of Treforest which has been well maintained by the current owners and benefits from a detached rear garage, uPVC double glazing throughout and a modern combination boiler (not tested) which has been regularly serviced.

The property is located within close proximity to the University of South Wales and local amenities and could make an ideal, ready to go investment.

The property is currently let to one occupant at £195pcm with the other rooms available to let at £265-£275pcm with a potential income of £1000 per calendar month. We are informed that the property has generally been fully occupied.

Please note; The HMO license has now expired for the vendor but we have correspondence from the local authority that a new planning application for a HMO license will not be required, however please make your own enquiries in this regard.

Accommodation:

GF: Entrance hallway, lounge, kitchen, double bedroom

FF: Stairs, two double bedrooms, single bedroom and shower room

OS: Enclosed gated rear garden with a large garage (not inspected) accessed from the rear lane

Tenure: Advised Freehold – please refer to legal pack for verification of tenure

Viewing: Auctioneers Office, Seel & Co Ltd (029) 2037 0117

Guide Price: £75,000+

Additional Fees:

Buyers Premium – 0.5% with minimum of £600 (inc of VAT) payable on exchange of contracts. Please check the legal pack for any further disbursements that may be payable by the purchaser on completion.

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.