2 bed terraced house to buy in CV34

Lower Cape, Warwick, Warwickshire, CV34 5DP

Brochure

Bedrooms: x 2

Bathrooms: x 2

Receptions: x 1

Tenure: Freehold

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Starting bid£215,000

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Key Information

Council tax: Band B
EPC rating: C
Heating supply: Gas
Electricity: National Grid
Mobile signal: Good
Parking: On Street

Property features

Being Sold via Secure Sale online bidding. Terms and Conditions apply
Investment Opportunity
Tenants In Situ
Walking Distance to Warwick Hospital
Close To Co-op & Local Amenities
Two Self Contained One-Bedroom Flats
Scope to Modernise First Floor Flat
Canal Walks on Your Doorstep and Cape of Good Hope Pub

2 bed terraced house to buy in CV34

A fantastic investment opportunity to acquire two self-contained one bedroom apartments with tenants in situ, perfectly positioned just moments from Warwick Hospital, picturesque canal walks, The Cape of Good Hope and local amenities.

This traditional Victorian mid-terrace property has been converted into two self-contained one-bedroom apartments and is offered for sale with tenants in situ, presenting an excellent opportunity for investors seeking an established income-producing asset.

Both apartments comprise a generous living room, separate fitted kitchen, double bedroom and bathroom. The ground floor apartment benefits from direct access to a private east-facing rear garden, whilst the first-floor apartment offers an excellent opportunity for a purchaser to modernise and add value over time.

Positioned in the ever-popular Lower Cape area, the property is ideally located within walking distance of Warwick Hospital, the picturesque canal and locks, The Cape of Good Hope pub and a Co-op convenience store. Warwick town centre, the railway station and excellent road links are also within easy reach, making this a consistently popular location for tenants.

Whether adding to an existing portfolio or acquiring a first investment property, this is a rare opportunity to purchase a freehold building comprising two apartments in a highly desirable rental location.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

Heating supply: Gas
Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Mobile signal: Good

Construction

Year built: 1920
Construction materials: Brick and block
Roofing types: Clay tiles

Building Safety

Property at particular risk of floods and/or erosion: No
Has flooded in last five years: No
Has flood defences: No
Has planning permission or proposals for development that will affect property: No
Is on a coalfield or mining area: No

Rights and Restrictions

Is listed building: No
Is conservation area: No
Has public right of way: No
Has accessibility adaptations: No
Has restrictions: No
Has required access (easements, servitude or wayleaves): No

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