- 3 bedroom detached property - large garden - refurb project - alot of potential especially conversion or extension STPP
EXCEPTIONAL INVESTMENT OPPORTUNITY | BELOW MARKET VALUE | DETACHED 3-BEDROOM PROPERTY
TCPA East Midlands are delighted to bring to the market this attractive detached property, offered at below market value, presenting an exciting opportunity for investors, developers, landlords and owner-occupiers alike.
Offering an abundance of space, flexibility and potential, this property represents an excellent opportunity for those looking to add value, maximise rental income or undertake a profitable refurbishment and resale project.
The property comprises:
3 Generously Sized Bedrooms
2 Bathrooms
2 Reception Rooms
Detached Property
Excellent Potential for Extension or Loft Conversion (subject to planning and building regulations)
MULTIPLE INVESTMENT STRATEGIES – ONE GREAT OPPORTUNITY
Whether you are an experienced investor or looking to secure your next project, this property offers several attractive possibilities:
1. Buy, Refurbish & Resell
An excellent opportunity for investors seeking a potential quick-turnaround refurbishment project, with scope to enhance the property's value and achieve a strong resale return.
2. Buy-to-Let Investment
Comparable properties in the area are understood to achieve rental values of approximately £1,900–£2,200 per calendar month, making this an attractive proposition for landlords seeking a substantial rental asset, subject to market conditions and property compliance.
3. HMO Potential
The existing accommodation and layout may offer scope for conversion into a House in Multiple Occupation (HMO), subject to the necessary planning permissions, licensing and regulatory requirements.
4. Supported Living Opportunity
The property's size and accommodation could make it an interesting proposition for supported living operators, subject to suitability, relevant approvals and compliance requirements.
5. Extend & Add Further Value
With potential for either a rear extension or loft conversion, buyers have the opportunity to explore further development and increase the property's overall accommodation and value, subject to planning permission and building regulations.
A LOT OF HOUSE FOR THE MONEY!
Opportunities offering this level of space, versatility and investment potential at below-market-value pricing are not to be overlooked.
OFFERS ARE INVITED PRIOR TO AUCTION.
Serious buyers and investors are encouraged to enquire early to avoid missing out on this exciting opportunity.
Contact TCPA East Midlands today to arrange a viewing or discuss submitting an offer before the auction.
* Plus 5% Buyers Premium plus VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).
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