Modern Method of Auction
Auction date not yet published
3-bedroom house · NG18 5SA
For saleListed 413 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Attention Investors! This three bed mid terraced property is situated close by to Mansfield Town Centre.
Offered for sale with Tenant in situe with No Upward Chain Involved and through the Modern Method of Auction which is operated by I am sold Porch Having upvc front entrance door and internal door leading to: Lounge 12' 1" x 11' 3" min (3.69m x 3.43m) Having electric fire, hearth and surround, radiator and double glazed bay window to the front elevation.
Dining room 11' 10" max x 12' 1" max (3.63m x 3.69m) Having a storage cupboard, radiator, double glazed window to the rear elevation and stairs leading to the first floor.
Kitchen 9' 0" x 6' 11" (2.75m x 2.11m) Having wall, drawer and base units with spaces for freestanding cooker, washing machine, dryer and fridge freexer, double glazed window to the side elevation and rear entrance door.
Bathroom Having a wc, panelled bath, pedestal wash basin, radiator and double glazed window to the rear elevation. Landing Having loft access.
Bedroom 11' 3" x 12' 0" (3.45m x 3.68m) Having a radiator, storage cupboard and two double glazed windows to the front elevation.
Bedroom 9' 1" x 9' 1" max (2.77m x 2.77m) Having a radiator and double glazed window to the rear elevation.
Bedroom 12' 5" x 7' 0" (3.81m x 2.14m) Having radiator, storage cupboard and double glazed window to the side elevation.
Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the `Reservation Period`).
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £ 349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £ 6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £ 450.00.
These services are optional. Current tenancy information Currently on a periodic tenancy paying £605.00 pcm. Current market value is £700pcm which is a 7% yield at a purchase price of £120,000.
Disclaimer Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information.
Do so, particularly if contemplating travelling some distance. All measurements are approximate and have been taken using a laser tape measure and therefore, may be subject to a small margin of error.
The mention of any appliances and/or services within these sales particulars does not imply they are in full and efficient working order.
It is believed that this property is Freehold, but we are unable to confirm this as we have no access to the documentation.
Should you proceed with the purchase of this property these details must be verified by your Solicitor.
Our team of qualified Financial Consultants can provide you with up to the minute information on many of the rates available. To arrange an appointment, telephone this office.
Your home is at risk if you do not keep up repayments on A mortgage or other loans secured on it. Full written quotation available on request. A suitable life policy may be required.
Loans subject to status. Minimum age 18
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
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Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 193, Victoria Street, Mansfield
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