13 & 13A Grove Road, Stoke-on Trent, ST4 3AY
- PROPERTY TYPE
Apartment
- BEDROOMS
4
- BATHROOMS
2
- SIZE
1,389 sq ft
129 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
AUCTION SALE CASH OR AUCTION FINANCE WELCOME COMPLETE IN 28 DAYS
INFORMATION FROM THE AGENT
Auction sale cash or auction finance welcome complete in 28 days
13 & 13A Grove Road, Fenton, Stoke-on-Trent, Staffordshire ST4 3AY
Guide Price: £90,000
Freehold Investment Comprising Two Self-Contained Apartments Currently Let Approximate Gross Rental Yield of 15%
A High-Yielding Residential Investment
An excellent opportunity to acquire a freehold property comprising two self-contained two-bedroom apartments, both currently occupied by tenants, producing an attractive income with an expected gross rental yield of approximately 14% based on the guide price.
Offered for sale by The Auction Company, this substantial investment property is held under a single freehold title and is ideally suited to landlords, portfolio investors and those seeking a ready-made income-producing asset.
Situated in the popular residential area of Fenton, the property enjoys convenient access to Stoke-on-Trent city centre, Staffordshire University, Royal Stoke University Hospital and the A50, A500 and M6 motorway network.
Apartment 13 Ground Floor
Approximate Floor Area: 74.6 sq.m. (803 sq.ft.)
Well-proportioned accommodation comprising:
Entrance Hall
Spacious Lounge
Two Double Bedrooms
Fitted Kitchen
Bathroom
Utility Room
The generous accommodation offers excellent family-sized living space and remains attractive to the local rental market.
Apartment 13A First Floor
Approximate Floor Area: 54.5 sq.m. (587 sq.ft.)
Accommodation comprises:
Landing
Lounge
Two Bedrooms
Kitchen
Bathroom
A spacious first-floor apartment offering practical accommodation with strong rental appeal.
Investment Summary
Freehold title
Two self-contained apartments
Both currently tenanted
Combined floor area of approximately 129.1 sq.m. (1,390 sq.ft.)
Established residential investment
Immediate rental income from completion
Estimated gross rental yield of approximately 14% based upon the guide price of £90,000
The property offers investors an opportunity to acquire an income-producing asset with potential for future rental growth, subject to market conditions and tenancy agreements.
Location
Grove Road is located within the established residential suburb of Fenton, one of Stoke-on-Trent's most popular rental locations.
The property benefits from close proximity to:
Stoke-on-Trent City Centre
Staffordshire University
Royal Stoke University Hospital
Fenton town centre amenities
Local schools and supermarkets
Excellent public transport links
A50, A500 and Junction 15 of the M6 motorway
The location continues to experience consistent demand from tenants due to its affordability and excellent connectivity.
Tenure
Freehold
The property is offered as one freehold title incorporating both self-contained apartments.
Tenancy
Both apartments are currently let, providing immediate income from completion.
Prospective purchasers should refer to the Auction Legal Pack for full tenancy details, tenancy agreements and current rental income.
EPC
Available within the Auction Legal Pack.
Viewing
Strictly by appointment through The Auction Company.
Key Features
Freehold residential investment
Two self-contained two-bedroom apartments
Single title deed
Both apartments currently tenanted
Immediate rental income
Approximate gross rental yield of 14%
Combined accommodation extending to approximately 1,390 sq.ft.
Popular Stoke-on-Trent rental location
Excellent investment opportunity
INFORMATION FROM THE AUCTION COMPANY
All marketing material, including property descriptions and imagery, has been provided by the introducing agent.
The Auction Company does not verify this information.
Buyers are advised to arrange an in-person viewing (by appointment only) and satisfy themselves as to the condition and legal position of the property before bidding or making an offer.
METHOD OF SALE
This property is offered for sale by Timed Online Auction (Unconditional).
Bidding takes place online via The Auction Company website.
The bidding end date and time are clearly displayed on the listing.
REGISTRATION TO BID OR MAKE AN OFFER
To bid or submit an offer, buyers must:
- Complete online registration
- Pass identity and AML checks (legal requirement)
- Register valid payment details
- A £1,000 hold/shadow payment will be placed on your card.
- By bidding or making an offer, you confirm acceptance of The Auction Company's Auction Terms & Conditions, Buyer's Terms, Legal Pack and Special Conditions of Sale.
AUCTION TYPE - TRADITIONAL METHOD OF AUCTION (UNCONDITIONAL)
All bids and offers are legally binding.
Exchange of contracts takes place immediately upon acceptance.
Completion is required within 28 days, unless stated otherwise in the legal pack.
If you are the successful buyer:
- The £1,000 hold payment will be deducted and credited toward the Buyer's Premium.
- You must pay:
- The 10% deposit (non-refundable)
- Any remaining Buyer's Premium balance
- All payments must be made within 2 hours of acceptance.
- All remaining balances must be paid by bank transfer only. No card payments are accepted.
- The Buyer's Premium is 4% + VAT (minimum £5,000 + VAT) and is non-refundable.
PRE-AUCTION & POST-AUCTION OFFERS
The seller may consider offers made before or after the auction.
For clarity:
- All pre-auction and post-auction offers are treated as auction sales.
- The same auction terms, Buyer's Premium, deposit requirements and completion timescales apply.
LEGAL PACK
Each property is sold subject to a legal pack, which may be updated at any time before the auction.
Buyers must:
- Download and review the legal pack before bidding or making an offer.
- Take independent legal advice if required.
- Check for updates immediately before bidding.
- By bidding or making an offer, you are deemed to have read and accepted the legal pack in full.
SPECIAL CONDITIONS OF SALE
Special Conditions of Sale are set by the seller and are legally binding.
They are contained within the legal pack and override all general auction terms where applicable.
Brochures
Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
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Visit our security centre to find out moreDisclaimer - Property reference 357202. 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 The Auction Company, London. 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.
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 The Auction Company, London on 03330 160948.
*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.”
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