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156 Fosse Road South, Leicester, LE3 0FQ

Lot no: 19 Sold at Auction for £241,000
 

Guide Price £165,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Friday 6th October 2017

11.30am
Key Features
  • Substantial three Storey Villa
  • Approval for HMO use
  • Potential income of £25,000+ per annum
  • Scope for conversion to 3 flats subject to permissions
  • EPC Rating: E
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Sold at Auction for £241,000

Villa

Property Description:

Close to the shops and restaurants of Naborough Road and Braunstone Gate, the City Centre, DeMontfort University and The Royal Hospital.

Permission is granted for use of premises as a house of multiple occupation. More info can be found on Leicester City council website – Application No 20162469.

Potential to let 6 individual rooms which would generate an estimated rental income of in the excess of £25,000 per annum.

Further potential to split in to 3 flats (1x2 bed and 2x1 beds) This scheme would generate around £18,000 per annum.

Ground Floor
Reception Hallway
Reception Room One

4.09m x 4.11m

Reception Room Two/ Bedroom

3.91m x 3.58m

Kitchen

Having bay window and a rear elevation window, fitted with a range of base units, sink and a wall mounted boiler. 4.19m x 3.58m

Utility Room / Potential Bathroom

With a door to the rear garden.

Cellar
First Floor
First Floor Landing
Bedroom One

4.21m x 5.36m

Bedroom Two

3.55m x 3.65m

Bedroom Three

4.19m x 3.58m

Bathroom

Three piece suite compromising a low level WC, wash hand basin and bath.

Second Floor
Second Floor Landing
Bedroom Four

4.19m x 5.61m

Bedroom Five

3.96m x 3.68m

Outside

Small garden to the front and enclosed low maintenance rear garden with gated access.

Tenure:

Freehold. Vacant possession upon completion.



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.