Semi-detached house
Ideal Investment Property - Five Bedroom HMO. This semi-detached property has been run as a licensed HMO and has recently undergone some refurbishment and new flooring to the ground floor. When tenanted the seller informs us the property generated £380 per week meaning an annual income £19,760 giving this HMO a rental yield of approximately 24% based on the advertised guide price of £80,000+ .
On entering the property you walk into a hallway with double bedroom to the left. The hallway also give access to the shared reception room complete with under stairs storage cupboard. The kitchen come equipped with two ovens, two fridge freezers and a dishwasher. The first floor offers two bedrooms and a four piece bathroom suite in white. The second floor provides two further bedrooms with a Jack and Jill shower room, Externally there is an enclosed yard with outbuilding which can be accessed from both the yard and the road at the rear of the property. The property is being sold with vacant possession and with no upward chain.
This property has on street parking
Freehold.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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.
