The two-bedroom leasehold maisonette located within the Meon Vale development on Wellington Avenue features kitchen and bathroom facilities, central heating and double glazing throughout as well as communal parking and surrounding gardens.
Situated approximately 7 miles from Stratford-Upon-Avon’s town centre, experts at Loveitts predict the lot will receive a huge amount of interest on the night due to its highly competitive guide price of £135,000 – making it one of the cheapest bargains currently on the market within the Stratford area.
With 994 years left remaining on the lease, the maisonette has been touted as an ideal investment opportunity for investors or first-time buyers looking to take their first steps onto the property ladder.
The two-bedroom property will go under the hammer at the Village Hotel, Coventry on 26th September at 6:30pm.
Loveitts Director and Auctioneer at Loveitts, Sally Smith commented: “This is an incredibly exciting opportunity for buyers who are either looking to take their first step onto the housing ladder, or even make an investment which promises a real return on their money.
“Stratford-Upon-Avon is one of Warwickshire’s finest towns and a highly sought-after location – its excellent section of shops and superb restaurants combined with its first-class culture makes the town an idyllic place to live.
“This makes the two-bed property’s guide price all the more surprising as you only have to look at the current market within Stratford-Upon-Avon to see that only shared ownership and retirement properties are available in the area for such a price.
“We have already received a substantial amount of interest in the property and expect it to be a popular lot on the night, especially given the growing number of attendees that are visiting our auctions – which not only signals the popularity of the lots on sales but also shows a growing confidence amongst vendors opting to sell their home by auction rather than using the traditional route to market.
“This month’s auction has something for everyone and we are confident that plenty on the night will be looking to bag themselves a bargain.”
Loveitts, which is Coventry’s only auctioneer, is unique as it specialises in properties only within Coventry and Warwickshire – whereas its competitors spread their net across the Midlands, targeting mainly Birmingham and the surrounding regions.
The auction takes place at the Urban Village Resort Hotel in Canley, Coventry at 6.30pm on Thursday 26th September.