Semi-detached house
This four-bedroom HMO presents an impressive yield of 11%, based on rental estimates of £500 per room. The property is currently vacant and features driveway parking, a spacious enclosed rear garden, and a garage.
In summary, the property includes a front porch leading into a hallway that provides access to two well-sized rooms and the kitchen. The first floor comprises three additional double rooms, along with a bathroom and a separate WC.
Ideally situated in the desirable Dunkirk area, the property is close to various local amenities, transport links to the city, the Queens Medical Centre, and major roads for easy access out of Nottingham. With its convenient location and range of amenities, this represents an excellent opportunity for investors holding an HMO license and a certificate of lawfulness.
Construction - Solid brick
Flood risk - No risk
Mobile coverage - O2, EE, Three and Vodafone available
Satellite and cable TV - BT and Sky available
Broadband - Standard, Superfast and Ultrafast available
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
- Heating Supply: Gas Central, Double Glazing
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Garage, 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.
