Terraced House
Property Description:
An excellent council backed HMO. When fully let yields - £1,938 per calendar month with scope to increase to £2,200 with Housing Benefit increase. Once increased the property generates £26,400 per year representing a yield of 21.12% against the guide price.
The property is located very close to centre within walking distance to all amenities and excellent public transport links. Each room has its own electric meter and the landlord is responsible just for communal area electric and the council tax.
The property comprises of a modern kitchen area, four double bedrooms and a shower room.
This is a great investment property ready to return!
Modern shared kitchen area
Shared shower room
Bedroom one - £550 pcm (potential)
Bedroom two - £550 pcm (potential)
Bedroom three - £550 pcm (potential)
Bedroom four - £550 pcm (potential)
Tenure:
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 under and Unconditional sale type.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
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.
