Investment property comprising a two bedroom maisonette and a one bedroom apartment below. Current total income of £15,000pa (£1250pcm) representing an initial gross yield of 10% with potential for income improvement.
The property itself appears to be in good order and briefly comprises a ground floor one bedroom apartment with living/kitchen/dining room, shower room and a double bedroom. This apartment is self-contained has its own entrance and yard to the rear of the property. This apartment is let for £650pcm.
Upstairs is a large two bedroom maisonette accessed via stairs from a dedicated entrance to the front of the building leading to a sitting room and kitchen on the first floor and two bedrooms and a family bathroom on the second floor. Outside there is a private front garden. This apartment has a long-standing tenant paying £600pcm and there may be an opportunity for rental betterment on this apartment in our opinion.
Both apartments benefit from central heating (not tested) and uPVC windows and doors throughout.
GF - Apartment - £650pcm - Living/kitchen/dining, shower room, store, double bedroom. Yard.
FF - Duplex - £600pcm - sitting room, kitchen, stairs to private front garden
SF - Two bedrooms, bathroom.
Total income of £1250pcm (£15,000pa), please though consult the legal pack for confirmation of all incomes and tenancies.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel Auctions – www.seelauctions.co.uk
Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid 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.
Auctioneers Office, Seel Auctions (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 12 May 2026 online via the Seel Auctions website. Bidding will commence from midday on Monday, 11 May and conclude in order from Lot 1 at 4:00 pm on Tuesday, 12 May 2026
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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