***Calling all developers and landlords***
A rare opportunity to acquire two large terraces in the heart of Chapel Allerton! 98 & 100 Woodland Lane are linked via a room in the basement and will therefore be offered as a single lot. Both properties were divided into flats many years ago and are now in need of improvement/development.
98 Woodland Lane – Vacant. There is a one bedroom flat to the ground floor and a three bedroom flat over the first and second floors. The lower ground floor, previously configured as a flat, is now used as a store and requires work.
100 Woodland Lane – Fully let. Split into 2 x one bedroom flats and 1 x three bedroom flat. The flats could provide a stronger income, once improved, or a useful income whilst 98 is re-let or developed.
Recent sales prices of neighbouring terraced houses suggest that this could be a highly profitable venture. Due to the existing configuration of the buildings, lending may be restricted.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
In addition to the deposit
Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT
Search Fees: £240 inc VAT
Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details please see the legal pack.
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||7.4%||£171,000||3||1|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||-||£205,000 (6)||£246,403 (32)||£284,990 (5)||£358,125 (4)|
|Flats||£96,458 (6)||£211,457 (13)||£95,000 (1)||-||-|
|All||£96,458 (6)||£209,418 (19)||£241,815 (33)||£284,990 (5)||£358,125 (4)|