Terraced House
A great sized mid terrace property with masses of potential. Formally a Student HMO this property is a perfect addition to any Landlords Portfolio or anyone looking for a sizeable property to make into a home.
This property consists of hallway, kitchen/diner, utility room, shower room and two reception rooms (formerly bedrooms) on the ground floor which have previously been used as bedrooms. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
To the first floor you will find three further bedrooms, box room and a shower room. There is a walled courtyard to the rear.
The property is within close proximity to the University Campus on Cheyney Road. The area is very popular for students and is also within walking distance of the City Centre.
Note: the measurements are approximate for both rooms. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Solid brick, as built, no insulation (assumed)
Standard - 17 mbps, Superfast - 80 mbps and Ultrafast - 1000 mbps available
O2, EE, Three and Vodafone available
Severn Trent Water
The vendor has advised, up until June 2024, this property was successfully let as a five-bedroom student HMO (licensed) generating £28,800 per annum (HMO licence available subject to approval from CWAC housing). We have also been advised that there is a full safety alarm system with sensors meeting HMO standards (requires renewal).
Freehold. Vacant possession upon completion.
- Heating Supply: Gas Central, Double Glazing
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
- Broadband: Fibre to the cabinet (FTTC)
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 4.8% 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.
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