Comes With Freehold
Investment With Good Yield
Courtyard Garden With Gated Off Road Parking
In Need Of Modernisation
Full Redecoration Needed
Close To Amenities Including Schools
A GREAT INVESTMENT OPPORTUNITY TO PURCHASE THIS FREEHOLD SEMI-DETACHED BUILDING CONSISTING OF THREE INDIVIDUAL FLATS, SITUATED IN THE DESIRABLE AREA OF EGREMONT.
This attractive period building consists of two flats with two bedrooms on the second and third floor and a large one bedroom flat on the ground floor. There is a communal entrance on the ground floor.
Outside, the property additionally benefits from a good-sized rear courtyard gated garden that is currently for communal usage and off road parking.
Ideally located the properties are within easy reach of the amenities of Egremont.
Ideal investment opportunity with a potential yield of around 10%. The flats are in need of a of renovation and refurbishment but a great investment. Within walking to distance to the town centre amenities.
Egremont is a market town on the west coast of Cumbria approximately five miles south of Whitehaven on the River Ehen. The town offers a good range of local amenities and schools, including the Westlakes Academy and benefits from excellent transport links via the A595. The delights of the Lake District National Park are also within easy reach as too are many other attractions on the west coast and key employment areas of West Cumbria.
Entrance is from the front via a uPVC door into the communal entrance hall.
A spacious communal entrance hall with door leading to flat 1 and stairs leading to the first floor.
Ground floor flat. Comprises of bright open lounge with dual uPVC windows to the front and side. Electric fire on a granite base with white surround, wall mounted elecric radiator and alcove shelving. Inner hallway leads to bedroom, kitchen and bathroom. The bedroom has a rear aspect uPVC window with a radiator. The bathroom is fully tiled with a rear aspect uPVC window. Fitted in a white three piece suite comprising of a bath, WC and pedestal wash basin. The floor is fitted with vinyl flooring and there is a modern panelled ceiling with recessed lighting and a wall mounted electric radiator. The kitchen has a rear aspect uPVC window with a stainless steel sink with mixer tap. There are range of wall and base units in a wood finish with laminate worktop over and splash back tiling.
First Floor Landing
First Floor Landing has a door into the bathroom and entrance hall of flat 2. Staircase leading to the second floor.
A first floor flat with a lounge has front aspect uPVC window, wall mounted electric radiator and a tv point. There is a kitchen with some base and wall units in a wood with laminate worktop over. There is a stainless steel sink with mixer tap, wall mounted electric radiator and rear aspect uPVC window. Main bedroom has a side aspect uPVC window, wall mounted radiator and door into the inner hall. The second bedroom/office doesn't have a window. The bathroom has a dual aspect uPVC windows and is fully tiled. Fitted in a white three piece suite comprising of a bath, WC and pedestal wash basin. The floor is fitted with vinyl flooring and there is a modern panelled ceiling with recessed lighting, storage cupboard and a wall mounted electric radiator.
Second Floor Landing
Second Floor Landing has a door leading into flat 3.
A second floor flat on the top floor. The lounge has a front aspect uPVC window , TV point and a wall mounted electric radiator. The kitchen has a stainless steel sink below a rear aspect uPVC and wall base units with splash tiling, wall mounted radiator and space and plumbing for white goods. The floor is fitted with vinyl flooring and there is a wall mounted electric radiator. The bathroom has a front and rear aspect uPVC windows and is fitted in a white three piece suite comprising of a bath, sink and low level WC. The floor is fully tiled. There are two bedrooms the main double room has a rear aspect uPVC window, and a wall mounted radiator. The second single bedroom has a side aspect uPVC window and a wall mounted radiator.
To the rear of the property is a gated enclosed courtyard providing outside space and parking.
Disclaimer for virtual viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
CURRENT 17/POTENTIAL 83
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer's Premium of £5,400 including VAT, plus a buyer's administration charge of £354 including VAT, a total of £5,754. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £354.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.