House of Multiple Occupation
A fantastic investment opportunity for investors looking for property in North Wales. This detached property is currently occupied as a House in Multiple Occupancy (HMO) with an annual gross income of £50,000. The current letting agent can provide all figures and AST's to support claimed income.
The property comprises of; side entrance to hall, inner hall, lounge, kitchen, utility room, conservatory, two ground floor shower rooms, cloak room, three double bedroom, one single bedroom. To the first floor are two further shower rooms, four double bedrooms and two single bedrooms.
The managing agent have regular long term demand for this type of accommodation and would typically achieve £140 per double room and £70 for a single per week.
The property was originally two semi-detached houses which have been opened in to one many years ago by the previous owner. There is scope to convert the property back which would provide sizable properties for resale. Situated in a popular residential area we would expect a three bedroom semi-detached house to achieve in excess of £165,000. The utility services to the property have separate supplies to each side making conversion easier.
All in all this property has great investment opportunity whether kept in current state or converted.
Stairs leading to first floor landing, under stairs cupboard, wall and base storage cupboards.
A range of modern wall and base units with granite effect worktops, two electric fan ovens, two electric hobs with extractors over, two stainless steel sinks.
Breakfast bar, plumbing for two washing machines
Large shower enclosure, wc and pedestal sink.
Large shower enclosure, wc and pedestal sink.
UPVC double glazed construction, door to rear garden.
Furnished to accommodate two people, UPVC double glazed window, radiator
Furnished to accommodate two people, UPVC double glazed window, radiator.
Furnished to accommodate two people, UPVC double glazed window, radiator.
Furnished to accommodate one person, UPVC double glazed window, radiator.
Furnished to accommodate two people, UPVC double glazed window, radiator.
Furnished to accommodate one person, UPVC double glazed window, radiator.
Large shower enclosure, wc and pedestal
Furnished to accommodate one person, UPVC double glazed window, radiator.
Furnished to accommodate one person, UPVC double glazed window, radiator.
Large shower enclosure, wc and pedestal sink.
Furnished to accommodate two people, UPVC double glazed window, radiator
Furnished to accommodate two people, UPVC double glazed window, radiator
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 Conditional with Reservation Fee (England and Wales).
Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation 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 Buyer’s 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.
