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Total views: 2500+
Floorplan
MapGuide price
£75,0002 bedroom apartment for sale
Lodge Close, Bewdley DY12
Auction
Apartment
2 beds
1 bath
Key information
Tenure: Leasehold
Ground rent: £120 per annum | review period: unconfirmed
Service charge: £460 per annum
Council tax: Ask agent
Broadband: Ultra-fast 2000Mbps *
Mobile signal:
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Features and description
Guide Price £75,000 * Plus 5% Buyers Premium + VAT
For sale by unconditional online auction.
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk
A two-bedroom first-floor apartment is available in an exclusive courtyard setting in the picturesque town of Bewdley.
Properties in this desirable and charming area of Worcestershire are rarely available. This apartment comes with the advantage of an existing tenancy agreement, with the current tenant having resided here since 2005. The property generates a rental income of £7140PA, with an annual service charge of £920 and a ground rent of £120 per year.
The apartment is situated in a peaceful cul-de-sac and benefits from its own private parking area. Surrounded by well-maintained open lawns, No. 25 is accessed via a small staircase leading to a porch and hallway. Off the hallway, you'll find two spacious bedrooms, a bathroom, a kitchen, and a lounge, all of which are generously proportioned. As a first-floor apartment, it enjoys an abundance of natural light, creating a bright and airy atmosphere.
With a reliable tenant in place and no rental arrears and the property in good condition, this is a fantastic opportunity for an investor looking to expand their rental portfolio with minimal effort.
Priced to sell quickly, this property offers excellent potential for a solid return on investment. Based on the guide price, the potential yield from this property could be 13% subject to rental increase to market value.
Bewdley, Worcestershire, is a charming and picturesque town nestled along the banks of the River Severn, offering a peaceful and idyllic setting with a rich history. Known for its beautiful Georgian architecture, the town boasts an array of quaint shops, cafs, and traditional pubs, creating a welcoming and vibrant atmosphere. The surrounding countryside offers stunning views and numerous outdoor activities, including scenic walks, cycling routes, and the nearby Wyre Forest, making it a perfect location for nature lovers and outdoor enthusiasts.
With its close-knit community, excellent local amenities, and easy access to larger towns like Kidderminster and Worcester, Bewdley provides the perfect balance of rural tranquillity and urban convenience. Whether you're strolling along the riverbank, enjoying a local festival, or simply relaxing in one of the town's charming spots, Bewdley offers a warm, inviting atmosphere that's hard to beat.
NB: This property has 53 years left of a 99 year lease, but the owner has already initiated a Section 42 request to extend the lease and so the new buyer will benefit from having the option to extend the lease after purchase or simultaneously rather than have to wait the mandatory 2 year moratorium.
Council Tax Band A
Service Charge = £920pa
Ground Rent = £120pa
EPC = D
Similar Properties:
27, Lodge Gardens, Bewdley, DY12 1DN - Leasehold (53 Years Remaining) - Sold - 29/06/2021 - £125,000
Number 24 is currently on the market with an extended lease for £164,950
Tenure
Leasehold
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
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.
Special Conditions
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.
For sale by unconditional online auction.
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk
A two-bedroom first-floor apartment is available in an exclusive courtyard setting in the picturesque town of Bewdley.
Properties in this desirable and charming area of Worcestershire are rarely available. This apartment comes with the advantage of an existing tenancy agreement, with the current tenant having resided here since 2005. The property generates a rental income of £7140PA, with an annual service charge of £920 and a ground rent of £120 per year.
The apartment is situated in a peaceful cul-de-sac and benefits from its own private parking area. Surrounded by well-maintained open lawns, No. 25 is accessed via a small staircase leading to a porch and hallway. Off the hallway, you'll find two spacious bedrooms, a bathroom, a kitchen, and a lounge, all of which are generously proportioned. As a first-floor apartment, it enjoys an abundance of natural light, creating a bright and airy atmosphere.
With a reliable tenant in place and no rental arrears and the property in good condition, this is a fantastic opportunity for an investor looking to expand their rental portfolio with minimal effort.
Priced to sell quickly, this property offers excellent potential for a solid return on investment. Based on the guide price, the potential yield from this property could be 13% subject to rental increase to market value.
Bewdley, Worcestershire, is a charming and picturesque town nestled along the banks of the River Severn, offering a peaceful and idyllic setting with a rich history. Known for its beautiful Georgian architecture, the town boasts an array of quaint shops, cafs, and traditional pubs, creating a welcoming and vibrant atmosphere. The surrounding countryside offers stunning views and numerous outdoor activities, including scenic walks, cycling routes, and the nearby Wyre Forest, making it a perfect location for nature lovers and outdoor enthusiasts.
With its close-knit community, excellent local amenities, and easy access to larger towns like Kidderminster and Worcester, Bewdley provides the perfect balance of rural tranquillity and urban convenience. Whether you're strolling along the riverbank, enjoying a local festival, or simply relaxing in one of the town's charming spots, Bewdley offers a warm, inviting atmosphere that's hard to beat.
NB: This property has 53 years left of a 99 year lease, but the owner has already initiated a Section 42 request to extend the lease and so the new buyer will benefit from having the option to extend the lease after purchase or simultaneously rather than have to wait the mandatory 2 year moratorium.
Council Tax Band A
Service Charge = £920pa
Ground Rent = £120pa
EPC = D
Similar Properties:
27, Lodge Gardens, Bewdley, DY12 1DN - Leasehold (53 Years Remaining) - Sold - 29/06/2021 - £125,000
Number 24 is currently on the market with an extended lease for £164,950
Tenure
Leasehold
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
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.
Special Conditions
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.
About this agent
Town & Country Property Auctions - Cheshire, Staffordshire and Shropshire
23 - 25 Market Street,
Crewe, Cheshire
CW1 2EW
0161 937 0131Our story Town & Country can trace their history back to the early building societies of the nineteenth century, and more latterly the Town & Country Building Society which was formed in 1974. Town & Country Estate Agents formed in 1991 gaining immediate success with a model putting customer service to the forefront. Following expansion over North Wales, North-West and Shropshire, estate agency headquarters were established in Chester City Centre in 2007. 2010 saw the establishment of Town & Country Property Auctions with expansion into the UK, Ireland and overseas in 2018. The continued growth of TCPA nationwide has facilitated a move to new prestigious premises at Regus House, Chester followed by the development of a new digital marketplace for property auctions, with the goal of providing an easy to use, transparent platform for auction buyers and sellers in the modern age.