No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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This property is no longer on the market

7 bedroom property

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Property
7 bed
0 bath
2,324 sq ft / 216 sq m

Key information

Tenure: Ask agent
Council tax: Ask agent
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

  • Three storey property
  • Freehold title
  • 7 bed HMO
  • Central location
  • Separate annex
  • Tenant investment
FOR SALE BY ONLINE AUCTION: terms and conditions apply.

We are pleased to offer for sale by auction this large three storey property, currently used as a 7 bedroom HMO. To the ground floor, the property briefly comprises of a kitchen/diner and 2 bedrooms, a further 2 bedrooms and 2 bathrooms to the first floor, with the final 3 bedrooms and bathroom to the second floor. The property also has a annexe which comprises of a lounge, kitchen, bedroom and shower room, which boasts separate access from the main house. The annexe also has it's own boiler which was installed June 2019.

The current owner has had some preliminary drawings made up for a proposed erection of 2 dwellings. They would be a pair of town houses with each benefitting from a garage, with the accommodation over. This would involve the demolition of the existing annexe and garage, to make way for the site. Please note that there have been no formal applications made or approved plans, so each buyer would be advised to explore this further and carry out their own research and applications.

Please note we have not inspected the subject property.

Rooms

Location
The subject property is located along Victoria Road, Barnstaple. The property is located within an established residential area with easy access to local amenities and transport links. The property is a 10 minutes walk away from Barnstaple Town Centre. The subject property is 61 miles north of Plymouth and 95 miles west of Bristol.

Accommodation
MAIN HOUSE: GROUND FLOOR Cloakroom Kitchen/diner Access to courtyard Letting Room 1 Letting Room 2 FIRST FLOOR Bathroom 1 Letting Room 3 Letting Room 4 Bathroom 2 SECOND FLOOR Bathroom Letting Room 5 Letting Room 6 Letting Room 7 ANNEXE Living room Kitchen Bedroom Shower room EXTERNAL Gated pathway leads to the main communal entrance hallway. A gate also leads to an enclosed garden to the front of the property, but this is for private use for just one of the ground floor letting rooms. The property also benefits from a garage, which can be easily accessed off Victoria Street. There is also a private parking area.

Lease Details
We are advised 6 out of 7 rooms are currently tenanted generating an annual income of £33,900 with a potential to increase. Further information in regards to the tenancies will be included in the legal pack.

Tenure
Freehold. Title number DN491845.

EPC
Available upon request (rating C).

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of £6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

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