Terraced House
DRAFT DETAILS -
A two-three bedroomed terraced property which also lends itself for use as a HMO style let (stpc).
Well placed for a good range of amenities with easy access to Braunstone Gate and the city centre.
The property is let on an assured shorthold tenancy at £400 per calendar month / £4,800 per annum.
However, the property is not in the Article 4 area and therefore there is potential to let it as a HMO (subject to any further consents required). There could be potential for four letting rooms which could bring in an estimated £16-£18,000 per annum.
The house benefits from gas central heating with combi boiler and uPVC double glazing.
The auctioneers have not inspected the property but believe it to comprise -
Reception Hallway
Rear Lounge - 3.76m x 3.43m
Front Dining Room / Bedroom Four - 3.53m x 2.74m
Kitchen - 4.88m x 2.11m
Bedroom One - 3.71m x 3.68m
Bedroom Two - 3.43m x 2.84m
Bedroom Three / Study - 2.84m x 2.13m
Bathroom - 2.13m x 1.91m
Low maintenance rear garden with access from the rear.
Subject to tenancy. Please see legal pack for further information.
Freehold.
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 auctioneer’s fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s 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.
.jpg){kind=logo}