Woodfield Street, Morriston, Swansea
£155,000

Guide price

Bedrooms: 6
FOR SALE BY ONLINE AUCTION

Fantastic investment opportunity to purchase two blocks of three flats, totalling six individual units. The neighbouring properties offer three studio flats and three one bedroom flats. The properties are in need of a total renovation, however in an all done condition we estimate, based off current market conditions, that the flats would bring in a total of circa £38,400 per annum. The accommodation for 57 Woodfield street comprise: Two studio flats to the ground floor with a one bedroom flat to the first floor. The accommodation for 56 Woodfield street comprises: One studio flat and one, one bedroom flat to the ground floor. With a further one bedroom flat to the first floor. Externally to the rear of the properties, they both have back gardens. Viewing highly recommended to fully appreciate the opportunity on offer.

Tenure - Freehold Council Tax Band - A

PLEASE BE ADVISED THAT WHILST VIEWINGS ARE RESTRICTED THE PROPERTY WILL NOT BE ENTERED INTO AN ONLINE AUCTION UNTIL THE LEGAL PACK IS COMPLETE AND THERE IS SUFFICIENT INTEREST FOR BIDDING TO COMMENCE.

ANY OFFER IS SUBJECT TO AN AUCTION EXCHANGE OF A 10% DEPOSIT, BUYERS PREMIUM AND 28 DAY COMPLETION.

SUMMARY

Fantastic investment opportunity to purchase two blocks of three flats, totalling six individual units. The neighbouring properties offer three studio flats and three one bedroom flats. The properties are in need of a total renovation, however in an all done condition we estimate, based off current market conditions, that the flats would bring in a total of crica £38,400 per annum. The accommodation for 57 Woodfield street comprise: Two studio flats to the ground floor with a one bedroom flat to the first floor. The accommodation for 56 Woodfield street comprises: One studio flat and one, one bedroom flat to the ground floor. With a further one bedroom flat to the first floor. Externally to the rear of the properties, they both have back gardens. Viewing highly recommended to fully appreciate the opportunity on offer.

Tenure - Freehold Council Tax Band - A

FRONT FLAT AT 57A

LIVING ROOM

3.58m x 3.26m (11'8 x 10'8 )

LIVING ROOM

3.64m x 2.49m (11'11 x 8'2 )

KITCHEN

2.19m x 1.73m (7'2 x 5'8 )

BATHROOM

1.92m x 1.64m (6'3 x 5'4 )

REAR GROUND FLOOR FLAT AT 57

KITCHEN

3.06m x 2.7m (10'0 x 8'10 )

LIVING ROOM

4.29m x 4.6m (14'0 x 15'1 )

BATHROOM

2.39m x 1.61m (7'10 x 5'3 )

REAR GROUND FLOOR FLAT AT 56

LIVING ROOM

4.40m x 2.76m (14'5 x 9'0 )

UTILITY ROOM

KITCHEN

4.17m x 1.71m (13'8 x 5'7 )

BATHROOM

1.63m x 2.65m (5'4 x 8'8 )

BEDROOM

4.25m x 3.8m (13'11 x 12'5 )

FIRST FLOOR FLAT AT 56

LIVING ROOM

4.12m x 4.5m (13'6 x 14'9 )

BEDROOM

3m x 2.6m (9'10 x 8'6 )

KITCHEN

3.5m x 2.8m (11'5 x 9'2 )

BATHROOM

1.49m x 2.7m (4'10 x 8'10 )

FIRST FLOOR FLAT AT 57

LIVING ROOM

3.17m x 4.41m (10'4 x 14'5 )

BEDROOM

3.67m x 2.56m (12'0 x 8'4 )

KITCHEN

3.21m x 2.75m (10'6 x 9'0 )

BATHROOM

3.22m x 2.75m (10'6 x 9'0 )

FRONT GROUND FLOOR FLAT AT 56

LIVING ROOM

4.41m x 4.46m (14'5 x 14'7 )

KITCHEN

2.36m x 2.15m (7'8 x 7'0 )

BATHROOM

1.74m x 2.06m (5'8 x 6'9 )

N.B

PLEASE BE ADVISED TO REGISTER FOR THE AUCTION YOU WILL NEED TO SUPPLY CARD DETAILS IN ORDER FOR A HOLDING FEE TO BE PLACED ON YOUR CARD. ONLY THE SUCCESSFUL PURCHASER GETS CHARGED, THE RELEASE OF THE HOLDING FEE IF UNSUCCESSFUL COULD TAKE IN EXCESS OF 7 DAYS.

The holding fee is the buyers premium purchase fee which is £2,000. You then have two days to exchange with a 10% deposit. With completion being 28 days later unless the contract states otherwise.

Should the property sell prior to auction the same fee of £2,000 inclusive of VAT is payable.

N.B

Tenure - TBC

All successful Purchasers will be subject to a buyers premium or holding fee. Legal packs can be downloaded through the Dawsons website www.dawsonsproperty.co.uk

Please note it is the responsibility of all purchasers to conduct their own investigation into all aspects of the property. We recommend reading through the properties legal pack, which is available on our website, prior to bidding and also seek legal advice. If you are successful, you will be required to pay a 10% deposit, together with the buyer s premium/holding fee and complete in 28 days, therefore we would strongly recommend for you to ensure your finances are in place before the auction, due to the timescales involved.

01792 446454

Dawsons - Swansea

11 Walter Road, Swansea

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