For Sale £750,000 PCM
Church Street,

EPC For Church Street,

Description


Miltons Estate Agents are delighted to offer for sale this investment opportunity. For sale by unconditional online auction in partnership with SDL Auctions
For more information and the auction Terms & Conditions visit https://www.sdlauctions.co.uk/property-auctions/online/

All Cottages
EPC Ratings: D, D, E & F
We have an amazing investment opportunity to purchase a portfolio of four cottages with courtyard gardens and an off-road parking area. The original building of the three terraced cottages (40, 40a & 40b) was a peanut factory and the current owner converted the building into the beautiful cottages.
Our Vendor is retiring from his business and has given us the pleasure of selling his four rental properties in the sort after village of Weedon Bec.

Each cottage offers two double bedrooms a family bathroom courtyard gardens and parking to the rear, but each one is slightly different and has its own unique characteristics with original features. They are all ready to let with minimum or no works required.

Currently as we write these details three of the cottages are tenanted on notice to vacate. In our opinion the cottages are in demand and easy to re let. As they all have different features and slightly different layouts, we estimate the rents from £825 up to £950 per calendar month.

Weedon village has lots of amenities on the doorstep including a Weedon Bec Primary school, the doctors several pubs and shops. The cottages are situated close to lovely country walks and the Grand Union canal. The M1 junction 16 is just a few minutes by car.

Cottage 1
End of terrace two-bedroom cottage with original fireplaces, picture rails and high ceilings.
Double glazed front door leads into a hallway with a door into the lounge diner and stairs rising to the first floor.
Living room boasts high ceilings window to the front elevation and a Victorian feature fireplace a door leads from the rear of the room into a galley kitchen.

The kitchen has plumbing for washing machine, wall and base cupboards with laminate worktops, electric oven, and gas hob. The back door leads from the kitchen to the courtyard garden.
To the rear of the kitchen is a ground floor toilet and wash hand basin with a wall mounted gas boiler.

To the first floor is a split-level bathroom furnished with a white bath with shower over, a step down one level leads to the toilet and wash basin the window overlooks the courtyard garden.
The rear double bedroom is multi-functional split into two distinct areas with high ceilings you could use part dressing room and part bedroom or study and bedroom. As an added bonus this room has a small balcony overlooking the courtyard garden.

The double bedroom to the front of the property has two double glazed windows overlooking the front elevation and a high ceiling with an original Victorian fireplace.
The courtyard garden has rear access with a pedestrian gate to the side and double gates to the rear from the parking area. It is paved and fenced.

Cottage 2
Two-bedroom cottage, original beamed high ceilings and central staircase. (Currently tenanted)
Enter the living room through a upvc double glazed door a double-glazed window to the front elevation. A door leads into the central hallway where the stairs rise to the first floor.

The kitchen is situated to the rear of the property with electric hob and oven lots of wall and base cupboards laminate worktops and plumbing for a washing machine. The back door lead onto the courtyard garden
First floor landing doors lead off to the two bedrooms and the centrally located bathroom.
Rear bedroom a step leads down into this room and the double-glazed window gives a view of the rear courtyard garden.

Bathroom has a shower over the bath and white toilet and basin.
Front double bedroom has a high ceiling with two double glazed windows overlooking the front elevation.
The courtyard garden has rear access with a pedestrian gate to the rear from the parking area. It is paved and fenced.

Cottage 3
Two-bedroom cottage, original beamed high ceilings and central staircase. (Currently tenanted)
Enter the living room through a upvc double glazed door a double-glazed window to the front elevation. A door leads into the central hallway where the stairs rise to the first floor.

The kitchen is situated to the rear of the property with electric hob and oven lots of wall and base cupboards laminate worktops and plumbing for a washing machine. The back door lead onto the courtyard garden
First floor landing doors lead off to the two bedrooms and the bathroom.
The bathroom situated to the rear of the cottage it is a step down has a shower over the bath and white toilet and basin.

Double bedroom to the front has a double-glazed window gives a view of Church Street.
Largest of the double bedrooms has a high ceiling with two double glazed windows overlooking the front elevation.
The courtyard garden has rear access with a pedestrian gate to the rear from the parking area. It is paved and fenced.

Cottage 4
Two-bedroom cottage with original beams throughout original brick fireplaces, modern fitted kitchen, a Juliette Balcony and mezzanine storage area in the main bedroom.
Enter the lounge dining room via a double-glazed front door, wooden floor, beamed ceiling and beautiful stairs rise up from here to the first floor.

To the rear of the house is the kitchen with electric hob and oven lots of wall and base units and plenty of laminate worktops. A double-glazed window looks out onto the rear and the door opens out to the courtyard garden.

The first-floor landing opens to two bedrooms and the bathroom.
Rear double bedroom has a brick feature wall and fireplace the double-glazed window opens onto a Juliette balcony.

The bathroom is situated to the rear of the house with a sunken bath and a step down to the toilet and sink, the double-glazed window looks out to the courtyard garden.

A large double bedroom to the front of the property has a double-glazed window overlooking the front elevation. The room has an exposed feature brick wall and fireplace. A beautiful wooden staircase leads up to a minstrel's gallery storage area where a small door gives more space for storage.

In our opinion this is a fantastic opportunity for either an experienced landlord or someone looking to invest in the rental market for the first time, it is a ready-made business.

Viewings are strictly by appointment only, please call the Miltons Team to book a viewing on 01604 936000.

Auction Method
The auction for this property be conducted online through our online-bidding platform. This is a "Timed Auction", so there are will no other lots being sold alongside this property.
The timeslot for the auction is displayed on SDL Auctions' website. To view this, search for the property via their website, then click onto the property to view the property details. The time remaining to bid, and end date of the auction, is displayed on the page.

You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Auctions' Buyers Terms (England & Wales) which are available to read on SDL Auctions' website.

Auction type - Conditional with Reservation Fee
If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.

Auction Fees
The following non-refundable fees apply:
o Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Auctions, and will be in addition to any fees payable to us. SDL Auctions has limited control over the content of the Special Conditions of Sale.

Deposit
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.

Payment Method
When you register to bid, you will be prompted to provide your payment details to SDL Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
o Reservation fee of £7,200 - calculated as 4.8% of guide price - this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
o £960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)

Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on SDL Auctions' website, and click onto the property to view the property details. There will be a sub-heading "Legal Documents". Underneath this, you will be prompted to "Log in to view the legal documents". Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.


Miltons Estate Agents are delighted to offer for sale this investment opportunity. For sale by unconditional online auction in partnership with SDL Auctions

For further details on this property please give our office a call
01604 712200

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