The Bungalow, Upper Pool Hill, Dawley, Telford

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £235,000
Courtney Downing Estates are pleased to offer this substantial four-bedroom detached bungalow, currently operating as a fully occupied HMO and producing approximately £1,900 per calendar month.

Set within a particularly generous plot, the property combines established rental income with excellent longer-term potential and will appeal to investors looking for a ready-made income-producing asset with scope to add further value.

The bungalow offers spacious accommodation arranged over one level and is currently configured for HMO use. Its present layout provides four bedrooms together with the communal and ancillary space required for its current use.

Externally, the property is a real feature. The bungalow sits within extensive gardens with a large amount of surrounding space, together with off-road parking and a detached garage. The aerial photographs really highlight the size and shape of the plot, which offers a degree of privacy rarely found with this type of investment property.

The gardens are well established and enjoy open aspects, creating a pleasant setting for the property and its occupants.

Given the overall size of the site, there may also be scope for future reconfiguration or development, subject of course to the necessary planning permissions and consents. Buyers should make their own enquiries regarding any development potential.

With the benefit of existing tenants, an approximate rental income of £1,900 PCM, a substantial plot and further potential for the future, this represents an interesting opportunity for investors looking for both immediate income and longer-term growth.

Viewing is highly recommended to fully appreciate the size of the accommodation, the extent of the plot and the opportunity on offer.


Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price' and is accompanied by a 'Reserve Price'. The 'Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the 'Guide Price' / 'Starting Bid'.
These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 7.2% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Council Tax Band: B (Telford & Wrekin Council)
Tenure: Freehold