Terraced House
A three bedroomed HMO property with an income of £16,324 per annum.
The property is in good order throughout with an income from day one. It is well placed for a good range of local amenities as well as giving easy access to the train station, hospital and town centre.
Benefitting from gas central heating and uPVC double glazing.
Currently offering three letting rooms. We are informed that a fourth room can be added by extending the smaller bedroom on the first floor, into the front bedroom, to increase its size, subject to planning consent. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
A ready made investment with gross return of nearly 15% based on the guide price with a good letting history.
With modern base and wall units, oven hob and extractor. Worktops with inset sink. Door to side.
Having low flush wc, wash hand basin and shower cubicle.
Having low flush wc and wash hand basin.
With window to rear aspect.
With window to front aspect and furniture package.
With access to first floor rooms.
With window to front and furniture package.
With window to rear and furniture package.
With window to rear aspect.
Rear garden with patio seating area and lawn.
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 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.
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 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.
