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House of Multiple Occupation
A freehold semi-detached Victorian five bedroom HMO located along Seabridge Road, Newcastle-Under-Lyme.
The property sits within a popular residential area and is within walking distance of the Town Centre and is currently a student let.
The property sits back from the Seabridge Road benefiting from a fore garden and rear patio area.
Internally the property is finished to a reasonable standard and comprises 5 bedrooms and extends 139 sq.m (NIA). We have been advised all furniture is included.
There is scope to utilise the attic as a 6th Room (subject to any necessary consents and regulations).
Accommodation:
Ground Floor: Bedroom 1, Bedroom 2, Lounge, Kitchen, utility Room, Shower room.
First Floor: Bedroom 3, Bedroom 4, Bedroom 5, Bathroom.
Second Floor: Attic room, currently unused, has potential to be a 6th bedroom. We have been advised verbally that this room has a window and is above the minimum size required and to let would need fire boarding and an alarm. It was costed last year at £8000 to convert to a high standard.
Outside: Detached double garage. We are advised there is an informal arrangement with a neighbour who currently rents the garage for £300 a year, payable in September. There is on street parking at the front of the property and ample parking at the rear of the garage, via an access road at the back.
The property may have potential for future development, subject to gaining any necessary planning consents. We are informed a nearby property on Seabridge Road has built a bungalow in the rear garden area.
Tenancies
The property is let to Keele University Students. Keele University is a prestigious university which continually ranks high in various surveys. All rooms are let by way of an AST with deposit taken on each room held with DPS, each is subject to a schedule of condition, and we are advised there are deeds of guarantees in respect of each tenant.
The property is currently let until 30.06.24 as follows:
Room One: £476.67 pcm
Room Two: £476.67 pcm
Room Three: £476.67 pcm
Room Four: £476.67 pcm
Room Five: £411.67 pcm
Total: £2,318.35 pcm. Rent is inclusive of all bills.
Tenancy agreements are also in place for the 2024/2025 academic year 01.09.24 to 30.06.25 as follows:
Room One: £476.67 pcm
Room Two: £476.67 pcm
Room Three: £476.67 pcm
Room Four: £476.67 pcm
Room Five: £411.67 pcm
Total: £2,318.35 pcm. Rent is inclusive of all bills.
All relevant safety/periodic certificates are in place, gas elec, fire alarm, emergency lighting.
The property has been very well managed for a significant period by Hammond Surveyors who would be willing to discuss continuing this should the purchaser wish.
Rivers and Seas Very Low. Surface Water Medium.
O2, Three, EE and Vodafone are available.
Cavity wall, as built, no insulation (assumed) - Information taken from EPC.
Standard 17 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.
BT and Sky are available.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
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 for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
