Lot 14 - Termon Cottage 1 Termon Street, Londonderry, County Londonderry, BT47 6GQ

  • Unconditional Online Auction Sale
  • Guide Price* : £25,000

Guide Price* : £25,000

Two bedroom detached house

  • Ideal buy to let opportunity
  • Potential gross income £4,800 per annum
  • Sold with the benefit of vacant possession

Location

Derry is the second largest city in Northern Ireland with a district council population of 107,877 (2011 Census). The city is located in the northwest of the province on the River Foyle approximately 70 miles from Belfast, 30 miles west of Coleraine and 33 miles north of Omagh. The city acts as the main economic and cultural hub serving the northwest region and neighbouring Co Donegal. The house is located on Termon Street just off Bonds Hill in the Waterside area approximately 1 mile east of the city centre. The property is in close proximity to shops, schools and benefits from a wide range of local amenities that are provided nearby.

Description

The property comprises a 1½ storey detached house. The dwelling is of traditional construction with a plaster render finish covered with pitched tile roof. Internally the dwelling provides a kitchen, living room, bedroom and WC/shower room on the ground floor. An additional bedroom and bathroom are located on the first floor.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - F25

Land and Property Services Rates Assessment

Capital Value: £67,500
Rates payable for 2018/2019: £611

Accommodation

1 2 3 4 5
Ground floor
Kitchen 2.6 x 2.21 m (8'6" x 7'3")
Bedroom 1 2.5 x 2.8 m ((8'2" x 9'2")
Living room 5.3 x 3.6 m (17'5" x 11'10")
WC / shower room 0.87 x 3.4 m (2'10" x 11'2")
First floor
Bedroom 2 2.95 x 3.28 m (9'8" x 10'9")
WC / shower room 1.8 x 2.22 m (5'11" x 7'3")

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Security Deposit

£3,800

Buyer's Administration Fee

£1,200

Guide Price*

£25,000

Vendors Solicitor

Ciara Christie, AL Goodbody, 42-46 Fountain St, Belfast, BT1 5EB
028 9031 4466

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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.