Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £55,000
This two-bedroom end-terraced property, offered at a competitive price below market value, presents an exceptional opportunity for investors looking to maximize rental yields in a thriving area. This property is an ideal addition to your portfolio.
Key Features
⢠Lounge
⢠Dining Room
⢠Two Bedrooms
⢠Bathroom
⢠Town Centre Location
⢠Close to Major Transport Links
⢠Selling with Tenant in Situ
Location and Area Improvements
Located just a short distance from Padiham Town Centre, this property benefits from an array of local amenities, including shops, restaurants, schools, and public services. The area has seen significant improvements in recent years, with substantial investments in flood defences that provide added peace of mind for residents. These upgrades to infrastructure demonstrate the local councilâs commitment to enhancing the areaâs future growth and appeal.
The property is well-connected with excellent transport links, including easy access to the M65 motorway, providing a quick route to nearby towns and cities, making it a prime location for commuters. Public transport options are also plentiful, with bus services that offer access to surrounding areas.
Investment Potential
With its strong rental yield prospects, this property offers a fantastic opportunity for those seeking to enter or expand their investment portfolio. The combination of a desirable location, ongoing area improvements, and the potential for growth makes this a must-view property for savvy investors. Donât miss out on this excellent chance to secure a property below market value with promising returns.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a âStarting Bidâ or âGuide Priceâ, and is accompanied by a âReserve Priceâ. The âReserve Priceâ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the âGuide Priceâ / âStarting Bidâ.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyersâ obligations and sellersâ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
