2 bedroom Terraced House in Stockport
428 Gorton Road, Reddish, Stockport, Lancashire SK5 6RS
- Lot No: 189
- Property Type: Terraced House
- Contract Type: Unconditional with Variable Fee
Guide Price* £75,000+ plus fees
Result Sold Prior to Auction
Property Description
A mid terraced property which was formerly a shop with living accommodation above. Now converted to one dwelling. Currently let out at £650 per calendar month/£7,800 per annum. The property benefits from gas central heating and UPVC double glazing. The layout gives scope to convert back to a shop with a flat above or to use as two separate flats, subject to any require planning permission. Please see floor plan for layout. The auctioneers have not inspected the property internally but are advised it does need some structural repair. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. Well placed with a good range of local amenities and transport links and giving easy access to Stockport and Manchester. Reddish North train station is only a few minutes walk away. A sound investment with yield of approximately 10%. The rental income could be increased to £10,000 - £12,000 if converted to a shop and flat or two flats (subject to planning).
Ground Floor
Reception Hall, Lounge, Sitting Room, Kitchen and Bathroom.
First Floor
Landing, Bedroom One, Bedroom Two, Kitchen and Bathroom.
Leasehold Information
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Construction Material:
Standard brick.
Note
Please be advised that key information regarding Water supply, Electricity supply, Sewerage arrangements, Heating supply and Parking arrangements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Broadband:
Standard - 5 mbps, Superfast - 80 mbps, Ultrafast - 1000 mbps available.
Mobile Phone Coverage:
O2, EE, Three, Vodafone available.
Tenure
Leasehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 30th May 2024
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454