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Main Category : All Auction Property
Additional Category : Lothian's Property
   Peebles - 2 Bedroom Flat With Attic - Value 100,000 GBP Auction ID : 103453   
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Peebles - 2 Bedroom Flat With Attic - Value 100,000 GBP

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Current Bid -
Start Bid GBP 70,000.00 [ Convert ]
Quantity 1
# Bids 0
Location EH45 8DT, Lothian
Country United Kingdom
Time Left 60 days, 2h 15m
Start Time 02 Dec. 2016 00:55:23
End Time 30 May. 2017 01:55:23
Status Open
Make Offer
Reserve Price Not Met
High Bid No Bids

Description
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Any Offer at or Above £70,000 Secures This Property...

Selling For £30,000/ 30% Below Home Report Value!

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Dalatho Crescent
Peebles
EH45 8DT
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Location Map: CLICK HERE
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Value: £100,000

Starting Bid: £70,000

Bid Increments: £250

Special Conditions: None
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Important - Please Note: 0131 Auction incorporates an 'Anti Sniping' Feature - If a new bid is received within the last five (5) minutes of auction end time then the auction bidding will automatically be extended for a further five minutes, from the time which the last bid is received, until no more bids have been placed.

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In order to automatically display any new bids placed, please be aware this auction page will refresh every three (3) minutes until auction end. If you require further information then please contact us

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MUST BE VIEWED - PRICED TO SELL QUICK!
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This is a first floor flat with own main door situated in a popular residential area within easy walking distance of the town centre. The flat benefits from gas fired central heating and double glazed windows. There is a large floor attic with potential to extend [subject to the usual permissions]. Enclosed garden to rear.

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GENERAL

The historic county town of Peebles lies astride the River Tweed amidst the rolling countryside of the Scottish Borders. There is a thriving town centre for everyday requirements including two supermarkets, bars, coffee shops and restaurants. For the outdoor enthusiast the Borders provides first class facilities for horse riding, mountain biking, walking, fishing and golf.

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ENTRANCE:

The property is entered via a white upvc door with fixed glazed panel into a lower Hall. Single overhead light. A carpeted staircase rises to the first floor level. 15 pane glazed door to upper Hall.

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UPPER HALL:

Window to front. Fitted with central heating radiator, two single overhead lights and double power point. Hooks for coats. Cupboard housing the gas fired central heating boiler. Laminate wood floor.

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LIVINGROOM: 15'5'' X 13'5'' (4.71M X 4.09M)

Windows to front looking out towards Venlaw Hill. Feature stone fireplace with tiled hearth. Central heating radiator, overhead centre light/fan, three double power points and telephone point. Pine lined recess with cupboard below housing the electricity meter and circuit board. Laminate wood floor.

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KITCHEN: 11'10'' X 11'5'' (3.61M X 3.49M)

Windows to the front and side again looking out towards Venlaw Hill. Fitted with good range of modern base and wall mounted units. Tiled splashbacks to fitted worktops which incorporates a breakfast bar. One and a half stainless steel sinks with drianer. Stainless steel gas hob with extractor hood above, under unit electric oven. Washing machine. Central heating radiator and overhead halogen light fitting. Ample power points. Storage cupboard. A Ramsay ladder gives access to a floored and lined Attic.

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BEDROOM 1: 13'4'' X 11'11'' (4.06M X 3.63M)

Window to rear overlooking the gardens. Central heating radiator, single overhead light, one single and two double power points. Open shelved recess. Walk-in storage cupboard.

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BEDROOM 2: 13'4'' X 9'4'' (4.06M X 2.85M)

Window to rear. Central heating radiator, single overhead light and two double power points.

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BATHROOM: 9'0'' X 5'1'' (2.75M X 1.55M)

Window to rear. Fitted with modern white suite comprising, WC, wash hand basin and bath with glazed shower screen. Electric shower over bath. Central heating radiator, single overhead light and extractor fan.

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ATTIC: 19'2'' X 17'5'' (5.84M X 5.32M)

There is a spacious Attic with potential to extend if desired, subject to the usual planning permissions etc. Fitted with two overhead velux windows, light, three double power points and smoke detector. Access to eaves space.

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OUTSIDE:

Set to the rear of the property is an enclosed area of private garden.

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SERVICES:

Mains drainage, water, electricity and gas. Gas central heating.

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FIXTURES AND FITTINGS:
The sale shall include carpets, integrated kitchen appliances and automatic washing machine.
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Would you like to view this property or order a copy of the Home Report? CLICK HERE

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How the figures appear concerning a Buy To Let (BTL) purchase…
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Example:

Purchase Price: £70,000*

25% BTL Mortgage Deposit: £17,500

75% BTL Mortgage Borrowed: £52,500

Monthly Mortgage Payments (APR 5%): £219

Monthly Insurance etc: £20

Total Monthly Cost: £239

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Monthly Rental Income Received: £500
Monthly Gross Profit: £261 (£500 Rent/ -£239 Costs)

Yearly Gross Profit: £3,132

Immediate Equity in Property: £30,000 (Discount) + £17,500 (Deposit) = £47,500
Gross Yield on Deposit Paid: 17.9% p.a.
£17,500 BTL Deposit Repaid From Rent in Only 5.6 Years!
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* Does not include any fee's or other cost's associated with property purchase. Rental is assumed and not guaranteed. Always seek independent financial advice.
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These particulars do not form part of an offer and all statements contained herein are believed to be correct but are not guaranteed and any intended purchaser must satisfy themselves as to their accuracy. The dimensions provided may include, or exclude, recesses intrusions and fitted furniture. They have been chosen to indicate the general size and shape of each room. Any detailed measurements ought to be taken personally.
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DISCLAIMER: 0131 Property Auctions (0131auction.co.uk) provides a Property Auction Facility Only and is not an Estate Agent and we do not provide Estate Agent Services. Any opinion, statement, recommendation or anything else whatsoever shall not form any guarantee or warranty. All investigations, surveys, searches or any other enquiries will be your responsibility. Any further investigations, due diligence, establishment of clear title, surveys, searches, etc or any other enquiries will be undertaken by your appointed suitably qualified persons but we make no warranty or guarantee and you must rely on any professional warranty or guarantee offered by the person or organisation performing such investigations, surveys or searches.
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To the extent that the law allows we will not be held responsible for any loss, damage or costs arising out of failing to provide the services or any part thereof of our Property Auction Facility. This is a comprehensive limitation of liability which shall apply to all damages of any kind, direct or indirect, special, incidental, consequential, damages or loss, including but not limited to, any damages for loss of income, profits, revenue or data incurred by you or third parties, whether based in contract, tort or in any other way whatsoever, even when we have been advised of the possibility of such damages.
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All our Auction properties are sold in strict accordance with our Terms & Conditions. To view a copy please: CLICK HERE


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