House of Multiple Occupation
The property is in excellent order with refitted modern kitchens, modern bathroom and tasteful décor and offers a combined total of four bedrooms comprising of a large self-contained studio flat to the ground floor and and a three bedroom HMO letting unit to the first and second floors.
The property has a long letting history and is currently let for 2022-2023 Academic year at £21,242 per annum.
Full HMO Licence and fully compliant.
The total rental income amounts to £21,242 per annum inclusive and therefore offering a return of over 11% gross at the current guide price.
This student investment property has been fully managed and continually let out to students by Nicholas Humphreys estate and letting agents at Friar Gate, Derby. The agents are more than happy to carry on the management for future landlords.
2022/2023 - £21,242
2021/2022- £24,280
2020/2021 - £24,480
2019/2020 - £24,284
2018/2019 - £24,284
2017/2018 - £22,464
2016/2017 - £17,922
In more detail the property comprises -
Reception Hallway<br>Modern Kitchen <br>Bathroom<br>Separate wc<br>Lounge/Bedroom
First Floor -<br>Reception Hallway<br>Communal Kitchen<br>Communal Bathroom<br>Bedroom One<br>Bedroom Two<br><br>Second Floor -<br>Communal Lounge<br>Bedroom Three
Garden to the front. Please not there is no garden to the rear.
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 Fixed 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.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
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