Semi-detached house for sale in 7 Sydney Street, Brightlingsea, Colchester, Essex CO7

For sale by auction on Tuesday, 14 May 2024 at 12:00

Venue: Live stream, www.AuctionHouse.Online

of interest to investors A three bedroom semi-detached house in need of redecoration held on A freehold title located in the historic town of brightlingsea

When rented a local Estate Agent has suggested a rental income of £13,800 per annum which would be a yield of 10.2% if purchased at Guide and full rental potential achieved. The property is located close to the Town centre and offers off street parking as well as a private rear garden.

Accommodation
Groud Floor

Lounge: 12'6" x 11'0" (3.81m x 3.35m)

Dining Area: 12'6" x 10'8" (3.81m x 3.25m)

Kitchen: 11'2" x 7'1" (3.40m x 2.16m)

Bathroom: 8'4" x 5'1" (2.54m x 1.55m)

First Floor

Bedroom 1: 12'6" x 11'11" (3.81m x 3.63m)

Bedroom 2: 11'6" x 8'8" (3.51m x 2.64m)

Bedroom 3: 9'7" x 7'6" (2.92m x 2.29m)

exterior
The front of the property is directly on the street, to the North Face there is off road parking suitable for a family car and access to the rear garden. The large East facing rear garden has hard standing directly outside the back door with a Shed and potted plants, towards the back of the garden the area has been arranged as an allotment.

Location
Brightlingsea is a coastal town and an electoral ward in the Tendring district of Essex. It is situated between Colchester and Clacton-on-Sea, at the mouth of the River Colne, on Brightlingsea Creek. Brightlingsea sits on a promontory surrounded by the River Colne and its associated marshes and creeks (it was an island until the 16th century), and was settled from an early date. In 1995, an Early Neolithic pot, dated 4000 to 3100 bc, was found on a farm near Brightlingsea.

The property is located about 90 yards South of the High Street with all it's shops, bars and restaurants, the harbour is less than 1/3 of a Mile to the South of the property.

Viewing
Strictly by appointment with the Auctioneer

EPC Rating: E

Viewings
09 May 2024 11:00-11:15

Additional Fees
Buyers Premium: 1.2% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.

Administration Charge - Purchasers will be required to pay an administration fee of 0.6% inc VAT (Subject to a minimum of £900 inc VAT)

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* 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.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.