Sold STC
Auction Guide Price £113,750

Land (residential) for sale in Congleton Close, Coventry, CV6 (ref: 567378)

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Key Features

  • Fantastic development opportunity
  • Available now
  • For sale by online auction
  • Buyer fees apply
  • Online Auction
  • Potential rental income of £30,000 per annum
GARAGES AT CONGLETON CLOSE, CV6 6FQ

Tutis Auctions proudly presents a development opportunity of seven garages with planning permission granted for the erection of two flats and one maisonette.

The site is approximately 0.08 acres.

The site can be found on the corner of Congleton Close and Lythalls Lane.

Once the development has been built, the projected rental income for each of the flats would be £850 per month and the maisonette would be £800 per month. Annually this would give a potential landlord a rental income of £30,000 per annum.

Based on the potential rental income, this would give a GDV value of approximately £375,000 to £425,000.

Planning was granted on 1st Feburary 2024.

"Erection of 2 No flats and 1 maisonette with associated alterations"

Application reference: PL/2023/0001307/FUL

For further information please contact :
Web: www.coventry.gov.uk/planningapplications
Email: planning@coventry.gov.uk
Tel: 024 7683 1109

Online Auction informationOnline Auction Information

For Sale Via Tutis Auctions Online Auction powered by Bamboo Auctions.

Auction end date and time: 20.03.2024 at 4:00pm.

The auction will be exclusively available online via our website including the legal pack information. The registration process is extremely simple and free. Please visit the Tutis Estates website, and click on the 'online auctions' tab. A 'register' button can be found on this page or by clicking into the individual listing.

Stage 1) Register your email address, create a password and confirm your account.

Stage 2) View the legal pack and arrange any viewings.

Stage 3) If you would like to bid, use the 'dashboard' button and complete your id check and enter your payment and solicitors details.

Stage 4) You are ready to bid - Good Luck! No deposit monies are required before you bid.

Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within the guide range. A legal pack and special conditions are available to download to anyone who has registered. It is the purchaser's responsibility to make all necessary legal and financial enquiries prior to placing any bids. Some Vendors may consider offers prior to the auction.

These offers can only be submitted via Tutis Estates and under auction conditions. The complete legal pack would need to be inspected before an offer would be considered.

Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing.

Stamp duty due

Based on a sale price of £113,750 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

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Property Images

Land (residential) for sale in Congleton Close, Coventry 0

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Land (residential) for sale in Congleton Close, Coventry 8

Further Details

  • Status: Sold STC
  • Tenure: Freehold
  • Reference: 567378

Location