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House of Multiple Occupation
A bay fronted terraced property let as a 3 bedroom HMO.
Situated in a desirable location off Narborough Road and close to Braunstone Gate and DeMontfort University.
Located in an Article 4 area and the property is compliant with multi occupational letting.
Currently let to 3 students for the 2024-2025 academic year at £1050 pcm / £12,600 per annum. The tenancy ends June 2025.
Benefits from Gas central heating, UPVC double glazing and enclosed garden to rear.
A freehold investment opportunity in sought after letting location.
The property has former planning permission (now lapsed) for a loft conversion and rear extension.
Double glazed front door, radiator, stairs rising to first floor.
Built in under stairs cupboard, radiator, double glazed window to rear elevation, door to kitchen.
Fitted units with worktops, sink, gas point, plumbing for W/M, part tiles walls, tiled floor, double glazed window to side elevation and door to side leading to garden.
Bay window to front elevation, meter cupboard, radiator, coving,
Built in cupboard with loft access, radiator.
Feature fireplace, radiator, window to front elevation.
Feature fireplace, radiator, double glazed window to rear elevation.
Bath with shower attachment, pedestal wash hand basin, low level W/C, built in cupboard housing boiler, part tiles walls, radiator, double glazed frosted window to rear elevation.
Garden to front with gate. Enclosed garden with store and gated access.
The photos were taken before the current tenancy.
O2, EE, Three and Vodafone are available in this location.
BT and Sky are available in this location.
Standard 14 mbps. Superfast 80 mbps. Ultrafast 10000 mbps.
Solid brick, as built, no insulation (assumed) Information taken from EPC.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Gas Central, Double Glazing
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
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.
