House of Multiple Occupation
A freehold investment comprising of a five bedroomed HMO property.
The property is an ideal investment with a potential income of £1,646 per calendar month/£19,752 per annum. At present 3 out of the 5 rooms are let.
Well placed for local amenities and within a couple of miles of the M1 motorway.
Benefitting from gas central heating and uPVC double glazing along with a good back garden and parking to the front.
A great addition to any rental portfolio. Gross return of over 18% against guide price.
The property next door (Number 16) will also be available in the same auction.
Pre auction offers may be considered for the pair. This would then give ten letting bedrooms.
Hallway, Large Dining Kitchen, Shower Room - with full suite, Shower Room 2
Separate wc, Bedroom 1.
Landing, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5.
Parking to front. Rear garden with outside Laundry Room, patio and lawns.
The buyer is aware that the EPC rating is an E and accepts the position thereto, the buyer indemnifies the seller of all and any costs and liability associated with the low rating and potential uplifting of this.
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 Fixed 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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
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.
