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62 Furness Road, Manchester, Greater Manchester M14 6LX

Auction Event
 

Guide Price £450,000+ plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 30th January 2025

9.00am
Key Features
  • Council Tax Band: C
  • HMO Property
  • 6 Bedrooms and 2 Bathrooms
  • Superb Letting Location
  • Fully Let
  • Income of £43,680 Exclusive of bills for 25-26 academic year
  • Great Letting History with No Voids
  • Greta Investment with Income from Day One
  • EPC Rating: D
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House of Multiple Occupation

Property Description:

A superb 6 bedroom 2 Bathroom HMO property in prime letting location.

The property comprises of an attractive, bay fronted villa with accommodation arranged over 3 floors.

It is situated in an extremely popular location, just across the road from 'Owens Park', the UoM student halls of residence, along with having a good range of local amenities and excellent public transport links.

Fully HMO compliant with license in place.

Offered fully let for this year as well as the 2025-2026 Academic year with rent increase.

Current Rental Income-
£3198 pcm / £38,376 per annum - excluding bills.

Rental Income for 2025-2026 academic year-
£3640 pcm / £43,680 per annum- Excluding bills.


The property briefly comprises of: Entrance hallway, two ground floor bedrooms and a long kitchen/living room. To the first floor there are two bedrooms and a bathroom and shower room, and to the top floor there are two further bedrooms. To the rear there is a small yard.

Ground Floor

Reception Hallway, 29ft Living/Dining/ Kitchen, Bedroom 1, Bedroom 2

First Floor

Landing, Bedroom 3, Bedroom 4, Bathroom, Shower Room

Second Floor

Landing, Bedroom 5, Bedroom 6

Outside

Garden to front and small yard to rear.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available in this location.

Satellite and Cable TV Availability

BT, Sky and Virgin are available in this location.

Broadband (estimated speeds)

Standard 9 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.

Construction Material

Solid brick, as built, no insulation (assumed). Information taken from EPC.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Subject to tenancy.


Utilities Information
  • Heating Supply: Double Glazing, Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

On Street



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 2.88% of the purchase price (subject to a minimum of £6,000 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.