Fairlawn, 37, North Street, Oldland Common,
Sold @ Auction £525,000
LOT NUMBER 9
FOR SALE BY AUCTION
*** SOLD PRIOR TO AUCTION ***
GUIDE £295,000 +++
SOLD PRIOR £525,000
LOT NUMBER 9
Wednesday 21st February 2018
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00
WEEKLY SET VIEWING
*** NO FURTHER VIEWINGS ***
Devereux & Co
T : (0117) 941 9056
F : (0117) 959 3355
ONLINE LEGAL PACKS
Digital Copies of the Online legal pack can be downloaded Free of Charge.
Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List.
Follow the RED link to "Download Legal Packs" For the first visit you will be required to register simply with your email and a password.
Having set up your account you can download legal packs or if they are not yet available they will automatically be sent to you when we receive them.
You will be automatically updated by email if any new information is added.
*** STAY UPDATED *** By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale.
A Freehold semi detached period property ( 2292 Sq Ft ) arranged over two floors with 5 bedrooms and 4 reception rooms with parking / garage to front and garden to rear.
Sold with vacant possession
Oldland Common is a popular semi rural area on the eastern side of Bristol within easy travelling distance of the centre of both Bristol and Bath and close to the Market town of Keynsham.
REQUIRES COMPLETE MODERNISATION
The vacant property now requires complete modernisation but would make a fine family home in this highly sought after location.
EXTENSION / ATTIC CONVERSION
Scope to extend and create attic conversion subject to consents.
There is scope to convert to multiple flats subject to the necessary consents.
HMO / INVESTMENT
There is scope to create high yielding HMO / Bedsit scheme subject to consents.
About this property:
A fantastic opportunity to create a high yielding HMO! Piper Property would expect to achieve an average income of £500pcm per room in this area of Bristol. The average rent for ensuite rooms increases by approximately £100pcm to an average of £600pcm per room and with potentially 8+ rooms available to let (subject to the necessary consents) we would expect the income to be in excess of £4,000pcm.
There are a number of options for investors to consider in how best to divide this house up – if you would like to discuss this with us please contact Peter Stephenson at firstname.lastname@example.org.
Modernised and let as a family home we would expect to achieve a rental income of £1,500pcm.
If you would like further information on our services or on this or any other property please contact us at our Bristol office on 01179 55 18 17 or via email at email@example.com. Alternatively please visit our website www.piperproperty.co.uk for information on our office locations, services and to find out how we do things differently.
For full details of the EPC please refer to the online legal pack.
Please be aware all purchasers are subject to a £1000 + VAT (£1,200 inc VAT) buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.
An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
PRE AUCTION OFFERS
Some properties may be available to buy prior to the auction.
Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to – firstname.lastname@example.org.
Please note offers will not be considered until you have VIEWED the property and the COMPLETE LEGAL PACK has been released.
In the event of an offer being accepted the property will only be removed from the auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer’s premium ( £1,200 ) to Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment.
SURVEYS AND VALUATIONS
If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton.
BIDDING AT THE AUCTION
This property is for sale by public auction and if you intend to bid please bring the following:
Proof of identity (valid passport or photo driving licence).
Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
10% deposit payment.
Buyers premium payment.
Details of your solicitor.
PAYING THE DEPOSIT & BUYERS PREMIUM
We can only accept the following at the auction:
Personal or Company Cheque
Debit Card ( NOT CREDIT CARD )
TELEPHONE AND PROXY BIDDING
If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of £1,200) are required by the Auction Department at least two full working days before the auction.
AUCTION BUYERS GUIDE VIDEO
We have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process please don’t hesitate to contact Auction HQ.
We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials.
CHARITY OF THE YEAR
Hollis Morgan are supporting Bristol charity based Off the Record! as our 2018 charity of the year with 5% of each buyers premium donated to help provide free and confidential mental health support and information to young people aged 11-25 in Bristol - www.otrbristol.org.uk In 2017 we were delighted to be involved in raising £30,000 over 3 events for the “Life for a cure” Bristol based meningitis charity - www.ryanbresnahan.org Visit the Charity page of our Website for further details - https://www.hollismorgan.co.uk/charity/