Terraced House
A three bedroom investment property generating a handsome income of £9,000 per year. This buy to let property has been renovated to a very good standard and would make an ideal addition to a portfolio. The property was previously rented out as a 4 Bedroom HMO and we have been made aware that it is situated in a non licensing area and therefore could be reverted back to a HMO by the new owner.
The property has three floors of accommodation (958 sq. ft.) and has two reception rooms, one of which one was used as a bedroom previously, a kitchen, two bedrooms and a bathroom on the first floor and a further bedroom on the second floor.
The property is located within the popular Burngreave area of Sheffield, a stones throw away from the Northern General Hospital which is a key employer for the local area, as well Meadowhall and other retail parks being a short drive away. The area benefits from ample on street parking as well as great transport links to the city and beyond including a main bus route a couple of minutes walk from the property.
The buyer is aware the EPC rating for the property is an E and accepts the position thereto, and indemnifies the seller of all and any costs associated with the low rating and uplifting the same.
12ft 4 x 11ft 9
12ft 1 x 11ft 9
8ft 11 x 6ft 10
14ft 7 x 11ft 9
9ft 5 x 8ft 3
9ft 5 x 5ft 1
14ft 7 max x 12ft 4 max
Double sized rear garden.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
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 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.
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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
