House of Multiple Occupation
A 4-5 bedroom HMO property situated in a highly popular location close to Loughborough University Campus.
The property has Article 4 status which allows letting to up to 4 students. There is a 5 bedroom which offers potential for further income subject to a HMO license.
Potential gross income of approx. £25,000 per annum.
The property benefits from gas central heating, UPVC double glazing and parking to the front for two cars.
Only a 5 minute walk to the University and giving easy access to local amenities, Loughborough town centre and the M1 motorway.
A superb investment opportunity.
Please note the last two photos show the front and rear of the property before it got overgrown. This is to show the indicative size of garden and front of house only.
With radiator, laminate wood floor and stairs off.
A large open plan living space to the rear of the property. Kitchen area with base and wall units, worktops with inset sink, appliances, dining area, window and door to rear. Lounge area has carpet flooring, radiator and French doors opening onto the rear garden.
With window to front, radiator and furniture.
With window to front, radiator and furniture.
With loft access and window to rear aspect.
With radiator, window to front and furniture.
With radiator, window to front and furniture.
With radiator, window to rear and furniture.
Having wash hand basin and panel bath with electric shower over. Part tiled walls, radiator and window to rear.
With low flush w.c. wash hand basin and window to rear.
Gardens to front along with driveway for 2 cars. <br>Enclosed rear garden with seating area, lawn and brick store. in need of cultivation.
Freehold. Vacant possession upon completion.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Driveway
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 1.2% of the purchase price (subject to a minimum 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.
