Sold @ Auction, BS16

Hollis Morgan JULY AUCTION - A semi detached 3 BED house ( 1117 Sq Ft ) with enclosed GARDEN and GARAGE now in need of UPDATING.

FOR SALE BY AUCTION

*** SOLD @ AUCTION ***GUIDE PRICE ?170,000 +++SOLD @ ?245,000LOT NUMBER 1Wednesday 19th July 2017All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY Legal packs will be available for inspection from 18:00. The sale will begin promptly at 19:00

PRE AUCTION OFFERS

On this occasion the client will NOT consider any pre auction offers.

SOLICITORS

Simon Thirtle Ward Hadaway,5 Wellington Place, Leeds,LS1 4AP

ONLINE LEGAL PACKS

Digital Copies of the Online legal pack can be downloaded Free of Charge. Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List. Follow the RED link to Download Legal Packs For the first visit you will be required to register simply with your email and a password. Having set up your account you can download legal packs or if they are not yet available they will automatically be sent to you when we receive them. You will be automatically updated by email if any new information is added. *** STAY UPDATED *** By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale.

THE PROPERTY

A well proportioned semi detached property arranged over two floors with enclosed rear garden and garage. The Freehold property will be offered vacant and having been let for a number of years now requires modernisation.

LOCATION

Beechwood Road is located just off the main High Street within the popular suburb of Fishponds. Local amenities and services are all within close proximity including independent retailers, pubs, bars, cafes and restaurants. Bristol City Centre is approximately four miles away.

THE OPPORTUNITY

FAMILY HOME / MODERNISATION / EXTENDThe property would make a fine family home in this sought after location.There is scope to extend the rear or attic conversion subject to consents.?1100 pcm / ?13,200 paINVESTMENTThe property would make an excellent HMO investment?1800 PCM / ?21,600FLAT CONVERSIONThe property could be split into two flats subject to consents.

RE SALE VALUES

We understand once fully modernised a re sale value of ?275,000 - ?290,000 could be achieved.

EPC

For full details of the EPC please refer to the online legal pack.

RENTAL APPRAISAL

What rent can we achieve for you? Piper Property are confident this property would make a good rental investment. Peter Stephenson of Piper Property suggests a rent in the region of: If offered to the market today in a modernised state as a 3 bedroom family home we would expect to achieve circa ?1,100 per calendar month on the property.If offered to the market as an HMO, subject to any necessary consents and licensing requirements, the property has the potential to produce a rental income of circa ?1,800 per calendar monthIf you would like to discuss more detail on the potential for rental, you can call me (0117 955 1817) or email ([email protected]) for a no obligation discussion.

BUYER'S PREMIUM

Please be aware all purchasers are subject to a ?750 + VAT (?900 inc VAT) buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.

GUIDE PRICE

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

RESERVE PRICE

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

SURVEYS AND VALUATIONS

If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton.

BIDDING AT THE AUCTION

This property is for sale by public auction and if you intend to bid please bring the following: Proof of identity (valid passport or photo driving licence). Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement). 10% deposit payment. Buyers premium payment. Details of your solicitor.

PAYING THE DEPOSIT & BUYERS PREMIUM

We can only accept the following at the auction: Personal or Company Cheque Bankers Draft Debit Card ( NOT CREDIT CARD )

TELEPHONE AND PROXY BIDDING

If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of ?900) are required by the Auction Department at least two full working days before the auction.

AUCTION BUYERS GUIDE VIDEO

We have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process please don t hesitate to contact Auction HQ.

TESTIMONIALS

We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials.

CHARITY OF THE YEAR

Hollis Morgan are supporting Bristol based Life for a Cure as our 2017 Charity of the year which aims a LIFE for a CURE , to raise funds in support of finding the Ultimate Vaccine for Meningitis B. We are delighted to announce that 5 % of every buyer s premium will be donated to a Life for a Cure which was founded as both a legacy to Ryan and to help raise awareness and valuable funds in search of the ultimate vaccine. This Bristol charity run purely on a voluntary basis is simply about working together to stop other amazing young lives being lost to meningitis. - to learn more about Ryans Story and this fantastic cause please visit there website. www.ryanbresnahan.org/ In 2016 we raised ?4,000 for Bristol based housing charity Home Start to learn more visit the charity section of our website - www.hollismorgan.co.uk/charity/