West Street, Somerton, Somerset, TA11

For Sale Guide Price £200,000

Key Features

For sale by in room and Livestream auction
Superb renovation or investment opportunity
Close to Somerton Town Centre
Off-road parking
Excellent potential rental yield

About This Property

For sale by in Room & Livestream Auction on Wednesday 14th December 2022.
A pair of partially renovated flats close to the centre of Somerton, with off-road parking for 3 vehicles.
Offering a superb renovation/investment opportunity with a potential rental yield exceeding 8%.

Located close to the centre of Somerton, 1 & 2 Wych Cottage is an ideal renovation opportunity, with the potential to create a superb pair of flats in a highly desirable position.

The flats have undergone some renovation by the current owner, to include new doors and windows throughout and a new roof, in addition to the reconfiguration of flat two, allowing for a new layout to be installed to make maximum use of the space.

After a thorough renovation has been completed, both properties will offer superb rental opportunities, allow the potential for individual sales after the titles have been separated, or long-term rental investments.

Services and outgoings—We understand that mains water, drainage and electricity are connected to the property.

South Somerset District Council – Flat 1 Band A, Flat 2 Band A

Tenure—The property is of freehold tenure with vacant possession of all parts available upon completion of the purchase which will be scheduled to take place 28 days from the date of auction, or earlier by agreement between the parties.

Method of sale
The property will be offered for sale by public auction (unless previously sold) on Wednesday 14th December 2022 at The Shrubbery Hotel, Ilminster, Somerset, TA19 9AR. (at 2.00pm) https:// www.gth.net/auctions/auction-room-and-livestream-auctions. It is possible that the property may be sold prior to the auction date. It is therefore advisable
for interested parties to register their interest with the Agents and it is their responsibility to check with the Agents whether the property will still be offered on the auction date.
The Auction Pack, containing the contract and special conditions of sale, should be obtained online. https://www.gth.net/buy/property-for-sale/?auction=auction%20room%20with%20livestream&date=26-October -2022&auctype=forthcoming
These documents will not be read at the time of sale and all prospective purchasers will be deemed to have bid for the property in full knowledge of their contents and shall not raise any requisition or objection whatsoever thereafter.
Bidder Registration
All potential bidders are required to register their details with Greenslade Taylor Hunt prior to the commencement of the auction by completing the Online Bidder Registration. Further details are available from the Agents upon request. https://www.gth.net/auctions/auction-room-andlivestream-auctions
Consumer Protection Regulations Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular interest to you please contact the office and we will be pleased to confirm the position for you, particularly if you are contemplating travelling some distance to view the property.
Guide Price: An indication of the seller’s current minimum acceptable price at auction. The guide price of range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price: The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction Sales Prior It is possible that properties may be withdrawn/sold prior to the Auction. It is advisable for interested parties to register their interest with us and it is their responsibility to check with the Auctioneers whether a particular lot will be offered, or if it has been withdrawn. Conditions of Sale If you are the successful Buyer of any Lot, you will - from the moment the Auctioneer's gavel falls - become legally bound by the Conditions of Sale in relation to that Lot. Further details are available from the Agent. It will be assumed that you have read and considered the Conditions of Sale and any other relevant documents for the Lot (s) you are interested in before the day of the Auction, that you have shown them to your professional advisors and taken their professional advice before bidding. All buyers will be deemed to fully understand what they may be liable for if successful in purchasing. This should also include Stamp Duty Land Tax, Land Registry fees and VAT which may become payable on completion. If a potential purchaser is in any doubt they should seek advice from their own professional advisors.

1 & 2 Wynch Cottage is located on West Street close to the centre of the popular market town of Somerton.

Formerly the capital of Wessex, this steeped in history, rural town gave its name to the county. With a thriving arts community as well as a vast array of businesses Somerton continues to grow.
The surrounding towns of Langport, Street, Glastonbury and Yeovil are within travelling distance.

Main line rail stations at Yeovil and Castle Cary. Access to the A303 at Ilchester and to the M5 motorway at Taunton (junction 25) and Bridgwater (junction 23).

To the front of the property is a parking area offering parking for three vehicles.
Read More

Contact Langport Residential Sales

The Shopping Parade Somerset Langport TA10 9PG

Meet your Agent

Owen Setter Residential Manager Full Bio 01458 250589 07809 507320
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