Terraced House
A well presented four bedroom HMO property situated in a popular and convenient location close to Loughborough town centre.
The property is sold fully let with an annual rental income currently of £18,912 per annum, giving a gross return of 13% against the guide price. Please refer to the legal pack for further information.
The house benefits from gas central heating and double glazing and has a pleasant, low maintenance rear garden.
The property is situated in an Article 4 area. The seller has owned and let the property as a HMO continuously for over 20 years. Evidence and past tenancy agreements will be included within the legal pack.
Communal Lounge 3.61m x 3.55m. Communal Kitchen 3.00m x 2.01m. Communal Shower Room. Bedroom One 4.36m x 3.54m max
Landing. Bedroom Two 4.30m x 4.00m max. Bedroom Three 3.12m x 3.60m. Bedroom Four 3.80m x 2.00m. Communal Cloakroom/W.C.
Small garden to the front. Side gated access to rear garden. Enclosed rear garden with gravelled seating area and 3 brick stores.
These sales details are awaiting vendor approval.
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.
