A two-bedroom freehold non-standard construction semi-detached house in the Woodingdean area of Brighton. (Title number: ESX273658)
FOR SALE BY AUCTION: To be sold by public auction on the attorney's instruction. A two-bedroom freehold non-standard construction semi-detached house in the Woodingdean area of Brighton. To be sold via online bidding on Friday, 24 May 2024.
Auctioneers comments: 'A real opportunity to bid on and buy a house in Brighton that could yield well over 10% annually if tenanted after successfully buying the Lot at auction. These seldom come up and it is not be missed.'
Auction date
The property is to be sold by public auction on Friday 24 May 2024 via a 2-hour online bidding window.
To view
The property can be viewed by booking onto one of the advertised managed block viewings. Once you have registered to bid by setting up your online bidding account, you will be emailed a Calendly link to do this. Each block viewing is strictly 30 minutes, and no ad hoc viewings will be available. In most cases, a video tour will be available.
Description
Non-standard construction, freehold, two bedrooms, extension, views of the coast
Location
Woodingdean, Brighton, East Sussex, 3.9 miles to Brighton railway station
Accommodation
Ground floor: WC, kitchen, dining area, living room
First floor: two bedrooms, bathroom
Outside
Front garden and steps, rear garden, patio, decking and outbuilding.
EPC rating
To be confirmed
Tenure
Freehold
Note on occupancy
Tenanted at the time of inspection. The attorney informs us that the tenant pays £1,000 PCM and is due to vacate the property at the end of May 2024.
Note on construction type
The property is a prefabricated, non-standard concrete construction.
Local authority and council tax band
Brighton and Hove City Council
Council tax band: C
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 2% plus VAT (min. fee of £2,100 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Lot 104 - 7 Newells Close, Woodingdean, Brighton, East Sussex, BN2 6QD
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