Hawthorn Grove, Trowbridge

This property is for sale by Modern Method of Auction powered by iamsold LTD - Starting Bid £70,000 + Reservation Fee. A spacious ground floor apartment with two double bedrooms and the rare advantage of a garage, sold with tenants in situ and an excellent rental income.

The property has a generous, dual aspect living space as well as two double bedrooms with built in wardrobes and a shower room. To the rear of the building you have a large communal garden which is laid to lawn and a bin store area. There is also a block of garages where this property has a single garage whilst parking is available on street. The property is being sold to investors only with tenants in situ who have been in residence since 2023. The current rent is £925 per calendar month.

The property is owned as a share of freehold and as such, there are no ground rent payments. The lease runs to 2173 and the current management charge is £151 a month to include buildings insurance.

We understand that the building has suffered from subsidence and that the management company are overseeing a resolution through insurance. As a result of the subsidence, there is visible cracking and mortgage lending may well be restricted. As well as the monthly rent, there is a good opportunity for capital growth once the current issues have been addressed.

Auctioneers Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A buyer information pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a reservation agreement and makes payment of a non-refundable reservation fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the reservation period and is paid in addition to the purchase price. This is considered within calculations for stamp duty land tax.
Services may be recommended by the agent or auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the agent or auctioneer will be confirmed to you in writing before services are taken. Services are optional.

Trowbridge is the county town of Wiltshire found close to the western border with Somerset. On the fringe of the town centre, you find Trowbridge Town Park, a large open space with a host of activities, tree lined paths and a riverside walk to Biss Meadows Country Park. St Stephens Place provides several dining options along with a multi-screen cinema complex. There are a wide variety of historic buildings around the town along with a selection of beautiful walks nearby, including the Kennet and Avon Canal and Southwick Country Park. The town has superb transport links with Trowbridge station providing access to London as well as a short ride to the world heritage city of Bath. The A350 passes the fringe of the town, leading to the M4 via Chippenham and the A303 and A36 to the south.