Grove Terrace, Bradford, BD71AU

8 Bedroom   Pre-Auction Marketing
Starting Price* £150,000

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  • Overview
  • Particulars
  • Request Details
  • Agent Details

Property Overview

Available to purchase is this fabulous 8 Bedroom terraced house which is ideal for investors! The property has a HMO licence and is currently let out to students with a potential to return £2,570 a month, the property currently gains an income of £1,910. The property briefly comprises of eight bedrooms including 2 reception rooms which have been changed into bedrooms, a basement reception room, two kitchens with the main kitchen on the ground floor and the second kitchen in the basement, two bathrooms which contain a bath, a shower and a shower room, two separate Waco’s, two store rooms and an open storage area in the basement. Externally there are paved gardens front and rear with patios on both sides of the property. The property meets Governments safest standard fitted with a burglar alarm, main interlinked and emergency lighting systems and fire blankets which are checked every year and an electrical certificate is given by the Building Regulations Department. Fire extinguishers are also provided on each floor. All inside doors are fire proof.

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000.00 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by West Yorkshire Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

LOWER GROUND FLOOR Lounge 14' 9" x 12' 7" (4.5m x 3.84m) Kitchens 11' 5" x 8' 7" (3.48m x 2.62m) Store Room GROUND FLOOR Bedroom 1 14' 7" x 14' 2" (4.45m x 4.32m) Bedroom 2 14' 9" x 12' 7" (4.52m x 3.84m) Kitchen 11' 8" x 8' 9" (3.56m x 2.67m) FIRST FLOOR Bedroom 3 14' 2" x 11' 1" (4.32m x 3.38m) Bedroom 4 Bedroom 5 SECOND FLOOR Bedroom 6 14' 4" x 11' 1" (4.37m x 3.38m) Bedroom 7 9' 8" x 9' 2" (2.97m x 2.8m) Bedroom 8 13' 1" x 7' 1" (4.01m x 2.16m) Bathroom Shower Room

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Disclaimer

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.