Sold with tenants in situ until 14/8/26 paying a gross yield of £23000
The accommodation comprises of an entrance hallway, living room and kitchen with bedroom on the ground floor or additional living room.
To the first floor there are two other bedrooms both of which are en-suite with a further family shower room. The top floor also has a large bedroom.
The property is in good condition throughout with the bathroom/shower room having been recently refitted. With double glazing and gas central heating this investment is ideal for buyers looking for a turnkey investment.
Lower Road is situated within 0.1 mile of the University Boulevard Tram Stop. Beeston Fields Primary School and Nursery which has a good Ofsted is just over 0.5 of a mile away. Highfields Park is a short distance away with 120 acres of space and facilities including a boating lake, adventure golf and children’s park.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the Partner Agent will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.
Entrance Hall With understairs cupboard and radiator
Bedroom 4 / Living Room 4.12 x 2.50
With laminate flooring, radiator and double glazed bay window overlooking the front aspect
Lounge 3.58 x 3.41
With laminate flooring and stairs to the first floor
Kitchen The kitchen is fitted with matching base and wall units with rolled edge work surfaces incorporating a stainless steel sink and drainer unit with mixer tap. Two double glazed windows to the side aspect and a double glazed door leading outside
First Floor Landing Bedroom 3.49 x 1.90
With laminate flooring, radiator and double glazed window to the front aspect
En-Suite 1.16 x 2.01
Fitted with a three piece suite comprising of shower cubicle, vanity wash hand basin and low level w.c. There is an extractor fan.
Bedroom 2.62 x 2.56
Radiator and double glazed window to the rear aspect
En-Suite 0.90 x 1.92
Being tiled and fitted with a two piece suite comprising of a vanity wash hand basin and low level w.c and an extractor fan.
Shower Room 1.81 x 1.45
The shower room is tiled and fitted with a three piece suite comprising of shower cubicle, vanity wash hand basin and low level w.c. There is a heated towel rail and an extractor fan.
Second Floor Landing Bedroom 4.94 x 2.74
With laminate flooring, radiator and double glazed window to the front aspect and access to loft space
