House of Multiple Occupation
A three bedroomed HMO property with a potential income of £18,668 per annum when fully let.
The property is located on a quiet street but within walking distance of a lovely park and Swadlincote town centre.
In generally good order throughout with gas central heating with combi boiler and uPVC double glazing.
Three letting rooms along with communal dining kitchen and bathroom. Two rooms are currently let achieving £13,680 per annum. Room 1 is currently vacant (pending a new tenant).
Income a potential income of £18,668 per annum when fully let offering a gross return of nearly 17% based on the guide price.
A superb investment with income from day one.
With doors to kitchen and bathroom.
With base and wall units, oven, hob and extractor hood. Work surfaces with inset sink. Under stairs cupboard and radiator. Space for table and chairs and window to rear.
With stairs off and door to bedroom one.
With radiator, window and door to front aspect and tasteful furniture.
With white suite comprising low flush wc, wash hand basin and panelled bath with electric shower over. Radiator and window to rear.
With doors to bedrooms two and three.
With radiator, window to front aspect and tasteful furniture package.
With radiator, window to rear aspect and tasteful furniture package.
A pleasant rear garden with seating area and lawn.
These sales details are awaiting vendor approval.
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.
