House For Sale Rutland Close, Cheadle, SK8

£290,000

Auction Property
1 of 4
  • Description
  • Street View
  • Maps
We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 24th April 2024

Description

LOT 21
FOR SALE BY ONLINE AUCTION
THURSDAY 23rd MAY 2024
GUIDE PRICE £290,000+

Village development site with consent for 4 houses and a block of 4 apartments plus further land. Scope for further development (subject to consents).

Outline planning consent was granted by Swindon Borough Council under Application No S/OUT/23/0240 on the 19 April 2024.

The extent of the site is shown edged red on the plan and also includes the access way, some garages and further infill areas which could create larger gardens for the dwellings. The existing dwellings have been sold off previously and a Residents Association created with a service charge payable for the estate management, further details will be in the legal pack.

Situation & Description - Village development site with consent for 4 houses and a block of 4 apartments plus further land. Scope for further development (subject to consents).

Wroughton, which borders the Marlborough Downs, is located only a short distance from Swindon Old Town and less than 5 miles to the M4 junctions 15 & 16. Wroughton has a good selection of local amenities and shopping with a wider range available in Swindon which also provides a mainline railway station.

Outline planning consent was granted by Swindon Borough Council under Application No S/OUT/23/0240 on the 19 April 2024.

The extent of the site is shown edged red on the plan and also includes the access way, some garages and further infill areas which could create larger gardens for the dwellings. The existing dwellings have been sold off previously and a Residents Association created with a service charge payable for the estate management, further details will be in the legal pack.

Online Auction - In order to bid at Strakers Online Auctions, you will first need to create an account by providing your contact details. You will be asked to read and accept our Online Auction Terms and Conditions. In order to bid online, you will be required to register a credit or debit card for the bidder security deposit. Strakers are required by law to carry out an online anti-money laundering check on all persons wishing to bid. In general terms, you are strongly advised to view the property and take professional advice as to its condition and suitability.

When the auction opens at 8am the day of the auction, you will be able to place bids in line with the pre-determined bid increment levels, using the bid increase (+) and decrease (-) buttons provided. It is recommended you check your web browser will allow you to bid in good time as some browsers' security can block the ability to bid. We recommend using Google Chrome when possible.

We offer property for sale by immediate, unconditional contract. This means that the fall of the electronic gavel constitutes an exchange of contracts between the buyer and seller. Both parties are legally bound to complete the transaction usually within 20 working days following the close of the auction but this will be confirmed within the legal documentation.

Legal Pack - You can download or pre-register for the legal packs via our website by using the ‘Menu’ at the top of the page and selecting ‘Auctions’, then ‘Current Auction’. This will produce a lot list. Find the lot of interest and click ‘View Legal Documents’. You will need to sign-up by entering your email address and creating a password the first time you use this, your log-in will stay valid for all of our future auctions. The legal pack may not be available straight away, but as long as you have registered to receive it you will be notified as soon as it is available.

Reserve & Guide Price - Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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.

+ Fees - If you are the successful bidder, you will then be asked to sign the auction contract and pay a 10% deposit and a buyers fee of £600 including VAT on any Lots purchased at or below £99,999 or £1,200 including VAT on any lots purchased at £100,000 or above.

Disclaimer - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements and distances are approximate only. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
Agent Details
Strakers Auctions
33/34 Market Place, Chippenham, Wiltshire, SN15 3HP

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this property. See more properties like this.

£165,000
Swindon, SN4
Flat
5.1
£295,000
Swindon, SN4
End Terrace
4.6
£225,000
Swindon, SN4
Terraced
3.7
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested