A converted period property with accommodation over three floors.
The property is part of a conversion containing four other units and is located conveniently within 5 minutes walk of Loughborough town centre and train station. Numerous bars, restaurants, shops and parks are situated closeby.This larger than average 1 bedroom flat offers bright and airy accommodation and is in good order throughout, retaining many original features. It would make a great first time buy or ready to let investment property.Estimated rental income circa £525 pcm / £6,300 pa giving a return of 8.5%. Additionally, there is potential to use the living room as 2nd bedroom which would increase the return.In more detail –
Ground Floor –
Reception / Utility Room 3.17m x 2.02m
With sink unit, plumbing for washing machine, large walk in pantry / bike store and window to the side. Stairs leading to first floor.
First Floor –
With stairs to second floor.
Lounge 4.63m x 3.81m
Having a period open grate fireplace, double radiator, cornicing and picture rail and a large bow window to the front with window seat.
Brerakfast Kitchen 3.77m x 2.71m
A modern fitted kitchen, sink with drainer, space for appliances, original cast fireplace, window to the rear aspect with views over the churchyard.
Fitted with a three piece suite comprising low level wc, walk in shower cubicle and wash hand basin in vanity unit. Part tiled walls, radiator and windows to two aspects.
Second Floor –
Bedroom 4.37m x 4.23m
Having fitted wardrobes and further eaves storage space, double radiator and Velux window to the rear aspect
The property is accessed via the Windmill Pub car park in a tucked away location. There is a small shared courtyard which leads to the entrance door.
See Legal Pack.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.
Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.
The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.