91a Nicholls Street, Coventry
Nicholls Street, Coventry, CV2 4GR
- 0
Key features
Guide Price: *
£90,000
Fees apply
Reservation fee:2.40% (min. £6,000)
All fees include VAT at 20%
Auction Type:
† Conditional
Opening bid:
£90,000Bid history
0 bidsDetached freehold house in Hillfields: let at £820 pcm, tenant in place, income from day one.
For sale by conditional online auction. Guide price £90,000.
A rare chance to buy a detached one-bedroom freehold house close to Coventry city centre. One-bedroom houses are scarce in this part of the city, and this one is a short walk from the centre and Coventry University, an area with steady rental demand from working tenants and postgraduates.
The property is let at £820 per calendar month (£9,840 a year) on a periodic assured tenancy and is sold with the tenant in place, so a buyer takes over the rent from completion with no void period and no letting fees to recover. Being freehold and detached, there are no service charges, no ground rent and no shared walls, which keeps running costs low and the numbers simple.
Cafés, restaurants and world-food stores are close by, with Gosford Park and direct bus routes into the centre within a few minutes’ walk.
Accommodation
Ground floor: lounge, kitchen/diner and shower room.
First floor: double bedroom.
Outside: low-maintenance courtyard garden.
Approx. 33 sq m (355 sq ft). EPC D (61). Council Tax Band A.
Let and managed by Tutis Estates
We manage the tenancy, so the records are ready for a buyer: the tenancy agreement, deposit protection and safety certificates. We will handle the handover so the tenancy and deposit transfer smoothly on completion, and the buyer can continue with our management if they wish.
Please note
The property has a right of way over the road at the rear, and the owner contributes a fair share towards its upkeep. Search and chancel indemnity policies are provided in place of searches. Viewings are by appointment only, as the property is tenanted.
Auction terms
This is a conditional (modern method) auction. The successful bidder pays a non-refundable reservation fee of £5,000 + VAT (£6,000 including VAT) in addition to the purchase price, then has 20 working days to exchange contracts and a further 20 working days to complete. A 5% deposit (minimum £3,000) is payable on exchange. The legal pack is available to download from this page and bidders should read it, and take legal advice, before bidding.
Detached freehold house in Hillfields: let at £820 pcm, tenant in place, income from day one.
For sale by conditional online auction. Guide price £90,000.
A rare chance to buy a detached one-bedroom freehold house close to Coventry city centre. One-bedroom houses are scarce in this part of the city, and this one is a short walk from the centre and Coventry University, an area with steady rental demand from working tenants and postgraduates.
The property is let at £820 per calendar month (£9,840 a year) on a periodic assured tenancy and is sold with the tenant in place, so a buyer takes over the rent from completion with no void period and no letting fees to recover. Being freehold and detached, there are no service charges, no ground rent and no shared walls, which keeps running costs low and the numbers simple.
Cafés, restaurants and world-food stores are close by, with Gosford Park and direct bus routes into the centre within a few minutes’ walk.
Accommodation
Ground floor: lounge, kitchen/diner and shower room.
First floor: double bedroom.
Outside: low-maintenance courtyard garden.
Approx. 33 sq m (355 sq ft). EPC D (61). Council Tax Band A.
Let and managed by Tutis Estates
We manage the tenancy, so the records are ready for a buyer: the tenancy agreement, deposit protection and safety certificates. We will handle the handover so the tenancy and deposit transfer smoothly on completion, and the buyer can continue with our management if they wish.
Please note
The property has a right of way over the road at the rear, and the owner contributes a fair share towards its upkeep. Search and chancel indemnity policies are provided in place of searches. Viewings are by appointment only, as the property is tenanted.
Auction terms
This is a conditional (modern method) auction. The successful bidder pays a non-refundable reservation fee of £5,000 + VAT (£6,000 including VAT) in addition to the purchase price, then has 20 working days to exchange contracts and a further 20 working days to complete. A 5% deposit (minimum £3,000) is payable on exchange. The legal pack is available to download from this page and bidders should read it, and take legal advice, before bidding.
Summary
- Auction end
- 11th Dec at 16:30
- Property type
- Detached
- Tenure
- Freehold
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- A
Guide Price: *
£90,000
Fees apply
Reservation fee:2.40% (min. £6,000)
All fees include VAT at 20%
Auction Type:
† Conditional
Opening bid:
£90,000Bid history
0 bidsSummary
- Auction end
- 11th Dec at 16:30
- Property type
- Detached
- Tenure
- Freehold
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- A
This property is being sold by:
Tutis Estates
024 7601 6545
62 Holbrook Ln, Coventry CV6 4AB
†Conditional auction
If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Legal Docs" section in the listing above). All properties sold by conditional auction are sold subject to a reservation fee which is clearly stated in the terms and conditions attached to the property and in the bidding box before a bid is placed. The reservation fee is payable in addition to the final purchase price and is received on a non-refundable basis, subject to the terms of the Reservation Agreement. To ensure that the successful bidder proceeds, the winning buyer is automatically charged a reservation fee and agrees prior to making their bid, to pay any outstanding amount of the property reservation fee immediately at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Legal Docs" section in the listing above), the reservation fee shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Legal Docs" section in the listing above), they will forfeit the full amount of the reservation fee. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Proptech and Tutis Estates shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Tutis Estates. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Proptech or any individual in employment with Bamboo Proptech makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
Pursuant to the Auctioneer Act 1845, this auction is being conducted by the auctioneer stated above. All participants in this online auction shall note that both the Auctions (Bidding Agreements) Act 1927 and 1969 shall apply.
Where stated in the bid box above, you agree that Bamboo may pre-authorise your card for the amount of the Buyer's fee and Deposit. You will only be charged if you are the winning buyer. We will release the pre-authorisation at the end of the auction. You card issuer may take up to 10 working days for this amount to be available to you in your account.
