House of Multiple Occupation
This HMO has been recently finished to an exceptional standard and could earn it’s new owner a rental income in excess of £40,000 per annum once fully let, offering an extremely generous yield. Current annual income of £21,840.
The property has a full HMO licence for six people, and is sold part let, part vacant with tenants already in situ in three rooms. The property is close to reaching it’s income potential and has further scope for development subject to any necessary consents.
The auctioneers have not inspected the property internally but are informed the accommodation benefits from a high spec kitchen with electric ceramic hob with double oven, American fridge freezer, washing machine, dryer, toaster and microwave.
The double bedrooms have en-suites and are furnished with wardrobes, chest of drawers and side tables.
There is a communal dining/seating area, conservatory and good sized front and rear gardens.
All rooms are fitted with fire doors (FD30), fire safety down lights, noise reduction flooring, acoustic partition walls. Each room, kitchen and communal areas are integrated with fire, smoke and heat alarm systems.
The property is located close to Desborough Park, Vanwall Business Park and GSK Factory. Local amenities such as super markets, high street shops and transport links are all within close proximity.
Double en-suite. Potential rental income £700 pcm (£8,400 per annum). Current rental income £625 pcm.
Double en-suite with garden access. Potential rental income £700 pcm (£8,400 per annum), Currently vacant.
Double en-suite. Potential rental income £650 pcm (£7,800 per annum). Current rental income £595 pcm.
Double en-suite. Potential rental income £700 pcm (£8,400 per annum). Current rental income £600 pcm.
Single with access to own shower and wc. Rental income £600 pcm (£7,200 per annum). Currently vacant.
Part let; part vacant. See legal pack for further information.
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.
