AUCTION SALE – CASH OR AUCTION FINANCE WELCOME – COMPLETE IN 28 DAYS

Description

INFORMATION FROM THE AGENT

FOR SALE BY UNCONDITIONAL ONLINE AUCTION - Wednesday 26th August at 11.00am

Auction sale cash or auction finance welcome complete in 28 days

For Sale by Auction – Guide Price £75,000

Spacious Three Bedroom End-Terrace Property with Secure Parking, Existing Tenant and Strong Investment Potential

A fantastic opportunity to acquire this generously proportioned three-bedroom end-terrace property, offering an excellent investment opportunity with the benefit of an existing tenant in situ.

Situated on Leonard Street, this sizeable property provides approximately 987 sq ft (91.7 sq m) of accommodation arranged over two floors and offers well-balanced living space comprising three bedrooms, a spacious kitchen/dining room, utility room, and family bathroom.

A particular feature of this property is the private secure off-road parking to the rear, providing valuable parking provision that is highly desirable for both homeowners and tenants alike.

For investors, the property offers an attractive income-producing opportunity, with the benefit of an established tenancy and immediate rental potential. Based on the anticipated selling price being achieved at auction, the property is expected to offer an attractive gross rental yield of approximately 10% (subject to the confirmed rental income and final purchase price), making this an appealing addition to a buy-to-let portfolio.

The ground floor features a welcoming entrance area leading into the impressive kitchen/dining room, measuring approximately 7.68m x 5.48m (25'2" x 18'0"), creating a generous and versatile space ideal for family dining, entertaining, or modern open-plan living. A separate utility room provides additional practical space for laundry appliances, storage, and everyday household needs.

To the first floor, the property offers three bedrooms, including a generous principal bedroom measuring approximately 5.48m x 3.01m (18'0" x 9'11"), together with two further bedrooms and a family bathroom.

The accommodation offers scope for future improvement and modernisation, allowing purchasers the opportunity to add value and further enhance the property.

Property Features

· Three bedroom end-terrace property

· Existing tenant in situ

· Attractive buy-to-let investment opportunity

· Potential gross rental yield of approximately 10% based on the anticipated purchase price

· Approximate accommodation of 987 sq ft (91.7 sq m)

· Large kitchen/dining room

· Separate utility room

· Three first-floor bedrooms

· Family bathroom

· Private secure off-road parking to the rear

· Excellent scope for improvement and value enhancement

· Ideal investment, first-time buyer, or refurbishment opportunity

· Offered for sale by auction with a guide price of £75,000

Location

Leonard Street is situated within the Burslem area of Stoke-on-Trent, offering convenient access to local shops, amenities, schools, and transport links. The area provides a range of residential properties and continues to attract buyers seeking affordable homes and investment opportunities.

Auction Opportunity

This property represents an excellent opportunity for landlords and investors seeking an income-producing asset. With an existing tenant, secure private parking, generous

accommodation, and strong rental appeal, this property provides the potential for an attractive return.

The low auction guide price is designed to generate interest and competitive bidding, with the property expected to achieve a higher figure on the day.

Early viewing is highly recommended to appreciate the size, layout, and investment potential this property has to offer.

Guide Price: £75,000 Tenure: Please refer to legal pack Current Occupancy: Tenant in situ EPC / Council Tax: Please refer to auction details

INFORMATION FROM THE AUCTION COMPANY
All marketing material, including property descriptions and imagery, has been provided by the introducing agent.
The Auction Company does not verify this information.
Buyers are advised to arrange an in-person viewing (by appointment only) and satisfy themselves as to the condition and legal position of the property before bidding or making an offer.

METHOD OF SALE
This property is offered for sale by Timed Online Auction (Unconditional).
Bidding takes place online via The Auction Company website.
The bidding end date and time are clearly displayed on the listing.

REGISTRATION TO BID OR MAKE AN OFFER
To bid or submit an offer, buyers must:
- Complete online registration
- Pass identity and AML checks (legal requirement)
- Register valid payment details
- A £1,000 hold/shadow payment will be placed on your card.
- By bidding or making an offer, you confirm acceptance of The Auction Company’s Auction Terms & Conditions, Buyer’s Terms, Legal Pack and Special Conditions of Sale.

AUCTION TYPE - TRADITIONAL METHOD OF AUCTION (UNCONDITIONAL)
All bids and offers are legally binding.
Exchange of contracts takes place immediately upon acceptance.
Completion is required within 28 days, unless stated otherwise in the legal pack.
If you are the successful buyer:
- The £1,000 hold payment will be deducted and credited toward the Buyer’s Premium.
- You must pay:
- The 10% deposit (non-refundable)
- Any remaining Buyer’s Premium balance
- All payments must be made within 2 hours of acceptance.
- All remaining balances must be paid by bank transfer only. No card payments are accepted.
- The Buyer’s Premium is 4% + VAT (minimum £5,000 + VAT) and is non-refundable.

PRE-AUCTION & POST-AUCTION OFFERS
The seller may consider offers made before or after the auction.
For clarity:
- All pre-auction and post-auction offers are treated as auction sales.
- The same auction terms, Buyer’s Premium, deposit requirements and completion timescales apply.

LEGAL PACK
Each property is sold subject to a legal pack, which may be updated at any time before the auction.
Buyers must:
- Download and review the legal pack before bidding or making an offer.
- Take independent legal advice if required.
- Check for updates immediately before bidding.
- By bidding or making an offer, you are deemed to have read and accepted the legal pack in full.

SPECIAL CONDITIONS OF SALE
Special Conditions of Sale are set by the seller and are legally binding.
They are contained within the legal pack and override all general auction terms where applicable.

Council Tax Band

A