Terraced House
An excellent HMO in the popular area of Wisbech.
Four bedrooms all fully let -
Room one with en suite - £520 per month
Room two with en suite - £433 per month
Room three with en suite - £433 per month
Room four with en suite - £390 per month
Also benefitting from a shared kitchen/diner.
Total - £1776 per month - £21,312 per annum.
An excellent yield of 17% based against guide price.
Wisbech lies 21 miles east of the popular city of Peterborough, offers a direct express rail service into London’s King’s Cross. Peckover House and Gardens is a National Trust property located in the North Brink and offers wonderful walks and overnight stays. The Hanseatic town of King’s Lynn with its excellent shopping and leisure facilities located 13 miles north east. Following on from here, the popular North Norfolk coastline is 40 minutes away and offers an abundance of pretty coastal villages to explore.
Flood Risk - High
These sales details are awaiting vendor approval.
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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers 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.
