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1 bedroom apartment for sale

Wrekin View, Wolverhampton, WV1 4QQ

Sold STC £45,000

Property Description

Key features

  • A Leasehold Residential Investment Apartment Current Gross Income: £6,360 pa. STAMP DUTY WILL BE PAID BY VENDOR
  • We understand that the property is Leasehold (see legal pack for Lease details) and is being sold subject to the existing tenancy.

Full description

Tenure: Leasehold

For Sale By Auction on 8th December 2016

A Leasehold Residential Investment Apartment
Current Gross Income: £6,360 pa.
STAMP DUTY WILL BE PAID BY VENDOR

Tenure
We understand that the property is Leasehold (see legal pack for Lease details) and is being sold subject to the existing tenancy.

Property Description
A one bedroom ground floor apartment, situated within walking distance of Wolverhampton City Centre. It is considered to be an ideal 'buy to let' property or alternatively offering an ideal base for easy access to Wolverhampton City Centre or Wolverhampton University.

Accommodation

  
Ground Floor OnlyCommunal Entrance to:-
Apartment 7:Entrance Hall, Lounge with Kitchenette, Bathroom and Bedroom.
OutsideAllocated Parking Space to the rear.

The property has the benefit of UPVC double glazing and being all electric.


Tenancy Details
The property is let on an Assured Shorthold Tenancy for a period of 12 months from August 2016, at a rental figure of £500 per calendar month. The associated parking space is also let for a period of 12 months from 4th March 2016, at a rental figure of £30 per calendar month. Total Rental Income £6,360 per annum.

Prospective purchasers should note that the Vendor will be paying the Stamp Duty for and on behalf of the purchaser.

* Definition of Guide Prices
The guide price is an indication of the seller’s reserve price and is given to assist prospective purchasers. It is usual, but not always the case, that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period. The guide price can be shown in the form of a minimum and maximum price range within which an acceptable price (reserve) would fall. Please note the reserve price will not exceed the top end of the guide price but the actual sale price can exceed the guide price. On occasions the sale price does exceed the guide price significantly.


Listing History

Added on Rightmove:
16 November 2016

Map & Street View

Disclaimer - Property reference 55513. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Auctions Bigwood, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Bigwood, Birmingham on 0121 233 5046.


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