ATTENTION INVESTORS. Available for sale VIA THE MODERN METHOD OF AUCTION is this fantastic investment opportunity in a lovely residential neighbourhood! This apartment has recently been rented out for £550pcm and with some modernisation could achieve £575pcm - which would be over an 8% gross yield!

New Forest Village is a purpose built residential neighbourhood in LS10. Located in South Leeds, New Forest Village has fantastic road links via the motorways, rail and bus links too for commuting. There are communal green spaces to be found throughout and there is easy access to shopping centres and smaller local shops along the high street too. There are good primary and secondary schools close by and there are green spaces like Middleton Woods Nature Reserve close by too.

Third Floor Accomodation

Entrance Hall
This spacious apartment has a communal entrance which provides access to the flats. There is also a large internal hallway in the flat which has two storage cupboards. The hallway actually has a window for natural light.

Living/ Dining Room and Kitchen
The main reception room to one side of the apartment is a large living/ dining room at the front of the apartment block. There are two dormers with large windows looking over the open aspect and flooding the large room with natural light. The kitchen section is naturally divided from the large open plan room by the breakfast bar units and there are ample wall and base units in the kitchen too.

Bedroom
The bedroom is a very good size double bedroom with built in wardrobes running along one wall. The bedroom is illuminated by another dormer window like the two in the living/ dining room.

Bathroom
Located via the internal hallway the house bathroom has a three-piece suite which has a bath with overhead shower, toilet and hand basin.

Extras and Leasehold
We are advised that the apartment is leasehold and are advised there are approximately 141 years remaining on the lease (150 years in 2012). The annual ground rent is £195 p.a and the service charge is a total of £1109.88 p.a including buildings insurance. The apartment has access to the shared car park for this small block.

Auctioneer Comments
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 Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer’s 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 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 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 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
Linley and Simpson and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.