1 Bedroom Terrace, 1st Floor Flat, 3 Lorne Street, Kidderminster DY10 1SY

Hammer Price Homes are delighted to present for sale by online auction this elegant one bedroom studio apartment with vacant possession on the quiet Lorne street.
 
The accommodation which benefits from double glazing throughout briefly comprises: one bedroom, kitchen/diner, contemporary designed bathroom/W.C. fitted with digital controlled under floor heating system and storage.
 
The property presents an excellent Buy-To-Let investment opportunity. The estimated potential rent would be £400 per month after a light refurbishment of the kitchen and modernisation of the living area.
 
The accommodation is located in close proximity to local amenities and the Town Centre is only an 8 minute walk away. Kidderminster station is just a one minute walk away providing easy commute to Birmingham Moor Street (40 mins), Worcester (22 mins), Stourbridge (11 mins) and Droitwich Spa (13 mins).
 
It also has easy access to the following roads: A456 towards M5 Motorway, A449 towards Worcester, Droitwich and A448 towards Bromsgrove and Redditch.
 

Other information

Viewings

To view the property you must register and book on one of the open days as detailed above. (Please note: Entrance will be refused if you are not on the list so please make sure you book your place using the online system. Lists close 24 hours before the open day starts so book in plenty of time)

Auction ends – Thursday 9th February at 1pm (please read anti sniping rules which may extend the auction)

Starting price – £54,000 (Reserve price is higher & unpublished)

Tenure – Leasehold (73 Years remaining)

 
**Please note that if you are looking to mortgage the property you should ensure that your lender is ok with the length of the lease before bidding. We do not have any information relating to lease extension costs**
 

Property Details

Approximate gross internal floor area – 323 SQ FT / 30 SQM

FIRST FLOOR

Comprises of landing leading to these rooms:

Kitchen/Diner – 9’11 x 13’6 (3.03m x 4.11m)

Bedroom – 9’11 x 11’11 (3.03m x 3.62m)

Combined Bathroom/W.C. – Measurements not taken

OTHER FEATURES INCLUDE

BT landline

Sky connection point with Satellite Dish

Digital aerial point

Economy 7 – electric night storage heaters and boiler

Electric cooker with oven/grill, fridge/freezer and washing machine/dryer included in the sale.

PARKING

Private parking space at rear (security light at night)

CHARGES

Ground Rent: £50 per year payable in September

Service Charge (Inc. building insurance): £588 per year in 2 instalments, March & September

Council tax: Band A

HOW TO MAKE AN OFFER

Offers can only be made via the online auction in the form of a bid. No offers will be accepted outside of the auction process.
 
Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed and the buyer honoured to pay it. Should the buyer withdraw then they may have to forfeit the reservation fee.
Please read the buyer terms and FAQ’s on the site for more details.