Lodge Court

Donnington Wood, Telford, TF2

Tenure: Freehold

An extremely unique opportunity to purchase one of two, two bedroom properties currently for sale at Lodge Court in Donnington Wood at a fantastic price. This property is for sale via unconditional auction with a GUIDE PRICE of £100,000. This property offers the potential to be a bargain purchase for first-time buyers or investors. The properties have the potential to achieve as much as £850pcm following renovation. Please call Newton Fallowell for more details or follow the link to the SDL auction.

OPEN HOUSE VIEWING DATES AS FOLLOWS:

Monday 17/03: 15:00-17:00

Wednesday 19/03: 16:00 - 17:15

Monday 24/03: 13:00 - 15:00

Tenure

The current owner constructed these properties circa 20 years ago and is now looking to offload. Each house is on an individual title whilst the main drive and parking area is also on a separate title.

Property Condition

Property is in need of some renovation work, viewing is advised.

Rental 

These properties have achieved as much as £825pcm from recent lets and we have evidence of a recent offer to let the properties at £850pcm provided renovation work is undertaken.

VAT

No Vat is payable on this transaction.

Auction

This opportunity is being sold with the assistance of our partner auctioneer SDL Auctions (Eddisons). The Guide Price is £100,000.

This property as well as the other currently advertised would offer a great return on investment to buy to let investors.

Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

EPC rating: C. Council tax band: A, Tenure: Freehold,