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Reeds Rains, Glengormley in partnership with The Northern Ireland Property Auction.
Offered at bids over £87,500.
A red brick extended semi detached property located off the popular North Circular Road, North Belfast. This property requires a full overhaul and has been priced to reflect the work required. With expected prices to achieve over £165,000 and rental income of £9000pa this would make an ideal investment for those on the lookout for such a project.
VIEWING STRICTLY WITH THE AGENT.
CASH OFFERS ONLY
Attention All Builders!!
A Red Brick Semi Detached Home
Much Sought After Location
Requires Full Modernisation
Rental Income Of £9000 Per Year
Lounge 15' 4" x 11' 11" (4.67m x 3.63m )
Dining Room 19' 1" x 11' 8" (5.82m x 3.56m )
Kitchen 9' 1" x 8' 11" (2.77m x 2.72m )
STAIRS TO FIRST FLOOR
Bedroom 1 13' 1" x 11' 11" (3.99m x 3.63m )
Bedroom 2 12' 8" x 12' 1" (3.86m x 3.68m )
Bedroom 3 9' 5" x 9' 4" (2.87m x 2.84m )
Off Street Parking
TO VIEW OR MAKE A BID - Contact Reeds Rains, Belfast on 028 9084 3427 or The NI Property Auction on 028 95608 380 / https://www.nipropertyauction.com/
This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.
The buyer is also required to make a payment of a non-refundable, part payment 10% Contract Deposit to a minimum of £6,000.00.
In addition to their Contract Deposit, the Buyer must pay an Administration Fee to the Auctioneer of 1.8% of the final agreed sale price including VAT, subject to a minimum of £2,400.00 including VAT for conducting the auction.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Area Price Tracker
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*Note: Dataset is compiled by PropertyPal using data from the official NI House Price Index publication, released by Land & Property Services in conjunction with the Northern Ireland Statistics and Research Agency, and supplemented with data collected by PropertyPal. The NI House Price Index can be accessed here. The data has been cleansed to remove anomalies and statistical analysis undertaken by PropertyPal to comprise a backdated time series to 2005.
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