End of terrace house
A registered five bedroom HMO property located close to Loughborough town centre. A great ready-made investment which is let to 4 individuals and generating an annual rental income of £17,580.
The property benefits from GCH and UPVC double glazing throughout and offer accommodation over 3 floors. All furniture is included in the sale and four of the five bedrooms have their own sinks.
Well located close to the excellent range of amenities within Loughborough town centre.
We are informed that there is scope to use as a 6 bedroom HMO if an extra shower room was added. Prospective purchasers are to satisfy their own enquiries with the local authority.
The accommodation comprises:
With bay window to the front aspect.
Modern units with twin hobs, twin ovens, fridges, freezers, twin sinks etc to meet with requirements and a dining area.
With door to garden.
With four piece suite comprising w.c, wash hand basin, panel bath and separate shower cubicle.
With wc, sink and shower cubicle
A large bedroom which was formerly two rooms now converted to one.
The property has a small garden to the front and a good size rear garden enclosed with brick walling.
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
