Semi-detached house for sale in 74 High Street, Glynneath, Neath SA11

For sale by auction on Wednesday, 01 May 2024 at 12:00

Venue: Online

Semi Detached House - Residential Investment

An investment opportunity to acquire a generous sized two bedroom semi detached property which is currently let at £450 p/c/m, therefore producing a gross annual income of £5,400 per annum. Access to the house can be gained from the rear of the High Street next to Glynneath Social Club. The property benefits from double glazed (UPVC) fenestration and gas central heating (not tested) therefore providing an ideal turnkey investment.

The house is located within Glynneath, which benefits from a number of local shops, school and other amenities whilst also providing excellent access to the A465 Heads of the Valleys Road, M4 and the Brecon Beacons National Park.

Ground Floor
Hallway, lounge, kitchen/breakfast room.

First Floor
Landing, two double bedrooms, bathroom.

Outside
Low maintenance frontage and enclosed courtyard and timber shed. (We understand that legal access has been put in place at the front of the property, for the social club to access a boiler house when needed for maintenance purposes-please refer to the legal pack for confirmation.)

Tenancies
We are advised that the property is currently let at £450 per calendar month, therefore producing an annual income of £5,400 per annum.

Viewings
Via our partner agents Clee, Tomkinson & Francis on Tenure
Advised Freehold (please refer to the legal pack for clarification)

EPC Rating: D

Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

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.