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House of Multiple Occupation
A 5 bedroom HMO style property situated in a desirable letting location.
The property has a HMO license for 5 letting rooms and is offered fully let.
There is a further bedroom which may offer scope to increase the occupancy to six, subject to consents and license.
Currently let at £1300 pcm / £15,600 per annum exclusive of bills.
Scope for rental increase with current estimated rental vale at £20,000 plus per annum.
Benefitting from UPVC double glazing and gas central heating, large dining kitchen,
2x Bath/Shower Rooms and enclosed garden.
Well placed for a host of amenities along Narborough Road and within walking distance of both DeMonfort University and the Royal Infirmary Hospital.
With Stairs off and understairs cupboard.
With radiator and bay window to front.
With radiator and door to rear garden.
With base and wall units, integrated oven, hob and extractor, sink and work surfaces, space for dining table and chairs, bay window to side.
With window to side and door to garden.
Modern suite comprising low flush w.c. wash hand basin and shower cubicle.
With radiator and window to side.
With radiator and bay window to front.
With radiator and window to rear.
With radiator and window to rear.
With a white suite comprising low flush w.c. wash hand basin and panel bath with shower over. Window to side.
Walled garden to front with gated path. Enclosed garden to rear.
O2, EE, Three and Vodafone are available in this location.
BT, Sky and Virgin are available for this location.
Standard 8 mbps. Superfast 80 mbps. Ultrafast 1800 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: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street, Permit
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.
