Lot 100: FREEHOLD TOWN CENTRE THREE BEDROOM COTTAGE FOR IMPROVEMENT

Vacant Residential - Isle of Wight
Vacant Residential - Isle of Wight
Vacant Residential - Isle of Wight
Sold £125,000
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Situated a short walk/drive from the centre of Newport, the Island’s County town, this unusual mid-terrace house is situated in a popular residential road and offers a blank canvas for the new owners to complete a programme of upgrading and refurbishment that have been commenced but require completion.

The property is unusual in that while the ground floor accommodation runs the full length of the building, it has first floor accommodation at the front and separately again, via a second staircase, at the rear. This gives scope and potential for a small annexe to the rear or potentially an office/study, given the current enthusiasm for home working.

Planning Permission has been granted by the local authority to remove a chimney breast and re-shape the staircase to the first floor at the front, though there is, of course, no obligation on the new owner to proceed with these works. Other properties in the road have exploited the roof space to provide additional bedrooms and this is anther option, subject to all necessary consents being obtainable.

Planning

Planning Permission has been granted by Isle of Wight Council under Ref 19/01629/LBC, dated 21 September 2020, for demolition of outbuilding and chimney stack; proposed internal and external alterations including replacement windows, new timber cladding on 19th December 2020, subject to conditions.

Local Planning Authority

Isle of Wight Council. Tel: 01983 823552. Website: iwight.com.

Ground Floor

Living room, dining room, inner hall leading to a room with scope to be a kitchen and/or a bathroom.

First Floor – Front

Landing and two bedrooms.

First Floor Rear

Bedroom three/office/study.

Outside

Gardens to front and rear.

Auctioneer’s Note

The property is effectively at present a construction site and prospective purchasers are advised to take great care and view entirely at their own risk.

Freehold with Vacant Possession

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Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

* Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors.

For more information on fees please go to cliveemson.co.uk/buyers-fees/

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