Flat 3 Woodleigh, 15 Forde Park, Newton Abbot, Devon, TQ12 1DD

A Rare Forde Park Opportunity Two Bedrooms, Garage & Parking with Up to 9% Net Yield Potential

Guide Price £100,000 to £200,000 * Buyers Premium Applies

For sale by unconditional online auction.

To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk

Town & Country Property Auctions are delighted to offer For Sale by Public Auction this charming two-bedroom first floor apartment, situated within the popular and well-regarded Forde Park development.

Having been in the same ownership for over three decades, this well-proportioned apartment is being brought to the market for the first time in more than 30 years, presenting a rare opportunity to acquire a property within a block that is expected to remain highly sought after by both owner-occupiers and investors.

Of particular interest to investment buyers, the property has the potential to produce up to an impressive 9% net yield, subject to purchase price, achievable rental income and running costs.

Combined with the appeal of the location, share of the freehold, garage and allocated parking, this offers an attractive proposition for those seeking both rental income and long-term capital growth.

The accommodation comprises a spacious lounge, bright kitchen/dining room, two bedrooms and a modern shower suite. The property retains attractive features including timber-framed sash windows, while benefiting from gas central heating and excellent storage.

The apartment is accessed via a communal entrance and hallway, leading to the first floor. The private entrance hall provides access to all rooms and includes two useful storage cupboards, one housing the water cylinder.

The generous living room benefits from timber-framed sash windows, multiple power points and media connections, creating a comfortable and versatile reception space.

The kitchen/dining room is fitted with a range of base units, work surfaces and splashbacks, together with space for a washing machine, gas cooker and fridge freezer.

Both bedrooms are well proportioned and benefit from sash windows, radiators and useful storage space.

The modern shower suite comprises a low-level WC, pedestal wash basin with vanity mirror, and a walk-in shower with glazed enclosure and tiled surround. There is also an extractor fan and heated towel rail.

Outside
A particularly attractive feature of the property is the garage within a separate block, together with an allocated parking space.

The development also benefits from spacious south-facing communal gardens, with the apartment having the benefit of an allocated portion of the communal gardens.

Location
Forde Park is a popular residential development conveniently positioned for access to the local train station, amenities and everyday facilities, making it an appealing location for both residential and investment purchasers.

Investment Opportunity
For investors, this property provides an excellent opportunity to acquire a two-bedroom apartment in an established and sought-after residential block, with the potential to achieve up to a 9% net yield depending upon the eventual purchase price and rental income achieved.

The combination of strong rental appeal, garage, allocated parking, share of the freehold and potential for capital growth makes this a particularly interesting proposition for auction buyers.

Viewing is highly recommended ahead of the auction to fully appreciate the accommodation, outside space and location.

The property will be entered into our 14th October auction which is held online and starts at 10am. You must register to bid and download the legal pack.

PROPERTY FEATURES
. First Floor Flat
. Two Bedrooms
. One Reception Room
. Parking
. Garage
. Council Tax Band: B
. Market Value: £185,000
. Rental Value Per Month: £1350
. 56 Day Completion

ADDITIONAL INFORMATION
. Property Tenure: Share of Freehold
. Length of lease remaining: 162
. Annual ground rent: None
. Annual service charge: £1,200 Approx

VIEWING ARRANGEMENTS
We will be holding viewing slots, please call us on .
The property is available for viewing immediately. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.


UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 4%+VAT (subject to a minimum of £7,500+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.