Ainsworth Lord Estates

2 Bedrooms Mid Terraced House For Sale in Investment Property 10% Yield, Olive Lane, Darwen - Auction Guide Price £50,000

Full Details

*** FOR SALE BY AUCTION*** - DIRECT ENQUIRIES WELCOME
EXCELLENT BUY-TO- LET INVESTMENT with Good tenants on robust AST.
Selective Licensed Area - this property is fully compliant with Licensing requirements.

FOR SALE BY CONDITIONAL ONLINE AUCTION On Behalf of SDL Auctions

Full terms and conditions are available at www.sdlauctions.co.uk/online-auctions
Please take time to read the details below as it contains important information.

We are very pleased to offering another great Investment Property for sale, currently producing in excess of 10% returns.

Not only is this a nice house, it's a great investment opportunity too!
So much so.... we expect a lot of demand for this one. So don't leave it too long or you'll miss it. Check out the pictures, have a quick read below and then call us to book your viewing.

Anyway, more about the house...

Here we have an impressive and well presented mid-terraced property on a quiet part of Olive Lane in Darwen, close to local shops and only a few minutes from Darwen Town Centre.

Entering the property through the front door, this house has a really good feel to it.

The main hallway leads from the vestibule and front door right into the heart of the property.

On the left is the front reception room. This is a neat and well presented front room, benefiting from a feature fireplace recess and a large front window with curtains, AND a new carpet.

Back to the hallway, turning to the left and past the bottom of the stairs is the rear reception room.

This is a large room with a comfortable feel to it, there is ample storage by way of a built-in cupboard adjacent to the chimney breast, and loads more space under the stairs. There's also a new fitted carpet, and the neutral freshly painted walls compliment the feel of the room.

Access to the kitchen is through a door at the far end of the rear Reception Room.
Here we have a neat kitchen that has new units and plenty of work surface area, new lino and décor - its ready to go. There is is space for a free-standing cooker. Above the sink is a window which looks out into a large clean yard, which is accessed by a door leading from the kitchen.

Upstairs......

At the top of the stairs and to the left, at the front of the property, is a very large master bedroom. This is a BIG bedroom is fully carpeted and the window looks out over the front of the property - across to the park area.

At the back of the house, on the left is a nice family bathroom, benefiting from a shower over the bath, WC., and pedestal wash basin. It's nicely tiled and has nice new fresh décor.

As you can see from the pictures, it is very well presented and like all our properties has been finished to a very good standard.

The second bedroom, also at the back of the house, benefits from additional built-in storage, and a large window with an open outlook.

All in all we have a cracking property, just waiting to make someone a lovely home and a great investment opportunity.


Note To Investors:
If you are interested in purchasing this property we expect a yield on this property to be 10%
We would find your next tenant and do all your paperwork for FREE providing we were retained on full management. (Subject to our T&C's)

If you are looking for more properties like this we strongly recommend you register with us as soon as possible.
We get loads of properties like this and they do tend to get snapped up pretty quick, usually by investors that have already registered with us.

Registered Investors also receive a 'Trade Discount' our Selling, Letting & Management Fees. So once you have completed your refurb we will sell or rent your property for you on preferential terms, increasing your profits further!

Registering with us is easy:
The best way is to call in and meet our team, so we can learn what it is you are really looking for, and what your plans are.... all investors' requirements are different - we get that.

Once we know this, we can then send you the details of properties that match your needs as soon as we are instructed - so you will be first to find out about them.

We are also happy to advise and offer a second opinion to our registered Investors who are looking to buy properties from other agents - with no strings attached. Buying right is important.

We recommend Landlords and Investors check out the DarwenPropertyBlog there are lots of good deals on there from us and other local agents.

ALL VIEWINGS ARE TO BE ARRANGED THROUGH AINSWORTH LORD ESTATES AND ARE STRICTLY BY APPOINTMENT ONLY.

IMPORTANT ADDITIONAL INFORMATION:

Tenure: See Legal Pack

Conditions of Sale:

The Conditions of Sale will be available online at least seven days prior to sale ending 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 end of the auction.

*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.

Energy Performance Certificates

EPCs can be viewed in full on our website www.sdlauctions.co.uk on the sales details page or in the legal pack.

Conditional Online Auction Procedure

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online-auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder. Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property. If you are the successful bidder, at the end of the specified time period, you'll enter into a reservation agreement with the seller and have 56 days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 56 day reservation period, the seller is not able to accept other offers. The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT or 4.2% Inc VAT in London,

subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price. We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.


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