Detached house for sale in Stoke-on-Trent ST4, 4 Bedroom

For sale by Modern Method of Auction: Starting Bid Price £140,000 plus Reservation Fee.
This Victorian villa is a fantastic investment for any landlord or investor looking to expand their portfolio! Found within this huge building are four self contained one bedroom apartments, each with fitted kitchen and bathrooms, while there is also a separate garage to the rear which is rented out.
Three of the four apartments are currently let, and when all are let the property brings in an income £16,440 per annum. However it is important to note that one of the flats is currently empty and requires some attention, however the rest are all currently rented out plus the detached garage.
Dominating a commanding position the property is found on the outskirts of Newcastle and with fantastic access to both Hanley and Newcastle town centres, the A500 and other closer local amenities, the flats have always rented out quickly and this is sure to make a fantastic investment.
For more information or to arrange a viewing please contact Leaders Stoke at your earliest convenience.
This property is for sale by iam-sold Ltd.

Flat 1

Flat 1 is a ground floor apartment, currently let out and briefly comprises; lounge, kitchen, bedroom and bathroom.

Flat 2

Flat 2 is a ground floor apartment and briefly comprises; lounge, kitchen, bedroom and bathroom.

Flat 3

Flat 3 is a first floor apartment, currently let and briefly comprises; lounge, kitchen, bedroom and bathroom.

Flat 4

Flat 4 is a first floor apartment, currently let out and briefly comprises; lounge, kitchen, bedroom and bathroom.

Auctioneers Comments

This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Leaders powered by iam-sold Ltd. To view or make A bid – Contact Leaders Stoke or visit: