House of Multiple Occupation
Fully occupied 4 Bed HMO investment for sale. Currently generating £1,385 PCM, giving a potential yield in the region of 15% at the current guide price.
This terraced property comprises a communal lounge, kitchen, and one bedroom on the ground floor. With a further three bedrooms on the first floor. To the rear of the property is a gravel yard area.
Each room has its own en-suite and separate electric meter, which each tenant is responsible for. Landlord is only accountable for energy bills to communal areas. All four rooms are on ASTs.
The property does not have Gas Supply, heating and water via electricity only.
* Four Bed HMO Investment.
* Fully tenanted generating £1,385 PCM.
* Potential yield in the region of 15%.
These sales details are awaiting vendor approval.
Please be advised that the auctioneers have not personally inspected the property and viewings are not available. 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.
