Lot 92 - 10 Village Drive, Gorseinon, Swansea, West Glamorgan, SA4 4QB
- Unconditional Online Auction Sale
- Guide Price* : £79,000
- Bedrooms: 2
- Bathrooms: 1
- Reception Rooms: 1
Kindly visit our website: www.propertyauctionagent.com to register your interest. All participants are required to pay a holding fee to bid in the online auction, with the winning bidder also paying a deposit of 10% of the final bid; the holding fee of the winning bidder is retained by the auctioneers. In instances where a property is sold before the auction, no holding fee is necessary, but a buyers’ premium is mandatory upon exchange. The completion will take place 28 days post-exchange unless the contract specifies otherwise. Pre-auction offers are welcomed.
Description
Property Auction Agent are delighted to offer to auction this well-presented two-bedroom apartment, situated within the popular residential area of Gorseinon, Swansea and offering an attractive opportunity for both owner-occupiers and investment buyers.
The accommodation is arranged around a practical layout comprising an entrance hall, open-plan kitchen/lounge, two bedrooms and a bathroom.
The property is well presented throughout and offers a purchaser the opportunity to acquire a home that could be occupied or rented with relatively little immediate work required.
The property has previously been marketed for rent at approximately £850 per calendar month, representing an approximate gross rental yield of 11.6%.
Situated within the popular residential area of Gorseinon, the property is conveniently positioned for a wide range of local shops, schools and amenities, together with good public transport links and easy access to Swansea, the M4 and surrounding areas.
With its practical accommodation, convenient location and strong rental appeal, the property presents an attractive opportunity for owner-occupiers and buy-to-let investors alike.
FULL DESCRIPTION
ENTRANCE HALL:
Accessed via a secure communal entrance with intercom entry system. The entrance hall provides access to the open-plan lounge and kitchen, two bedrooms and bathroom, together with a useful storage cupboard and electric heater.
OPEN PLAN LOUNGE & KITCHEN: 7.16m x 3.21m - Bright open-plan living space with double-glazed windows and electric heaters.
KITCHEN: Fitted with a range of wall and base units with roll-top work surfaces incorporating a one-and-a-half bowl stainless-steel sink and drainer with mixer tap. Integrated oven, hob and extractor hood, with space for washing machine and fridge freezer. Double-glazed window and part-tiled walls.
BEDROOM 1: 3.42m x 3.21m - Double-glazed window and electric heater.
BEDROOM 2: 3.45m x 1.78m - Double-glazed window and electric heater.
BATHROOM: Fitted with a suite comprising panelled bath with mixer shower over, pedestal wash-hand basin and low-level WC. Double-glazed window, electric heated towel rail and part-tiled walls.
AUCTION INFORMATION
PLEASE NOTE
It is the responsibility of all purchasers to conduct their own investigation with regards to all aspects of the property and seek legal advice. The Legal Pack will be available on our website prior to the auction commencement. The legal pack can be downloaded through www.propertyauctionagent.com
PAYMENTS
To bid online, you will be required to pay a holding fee. This will only be retained should you be the successful bidder.
If you submit a pre-auction offer which is accepted by the vendor, a buyer’s premium of £3,495 + VAT will be payable.
To exchange contracts, you will be required to pay a 10% deposit and sign the contract within 24 hours, with completion of the transaction and payment of the remaining balance due within 28 days, unless otherwise formally agreed. Purchasers should always refer to the contract contained within the Legal Pack for confirmation of the applicable completion terms.
Due to the timescales involved, we strongly recommend ensuring that your finances are in place and that you have sought qualified legal advice prior to bidding or submitting a pre-auction offer.
Accommodation
Well-presented two-bedroom ground-floor flat offering a bright open-plan lounge and kitchen, two bedrooms, bathroom and useful storage, with secure communal access.
Location
Conveniently situated in the popular residential area of Gorseinon, within easy reach of the town centre, local shops, schools and amenities, with good transport links to Swansea and the M4.
Lease Start Date
01/01/2009
Lease Duration
125 years (107 years unexpired)
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
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