House of Multiple Occupation
A superb investment opportunity comprising of a six bedroom, five bathroom HMO property situated in a good letting location.
Well placed for local amenities and Stoke Hospital as well as being equidistant between Stoke and Newcastle Under Lyme. Situated just off the A53 and close to The Queensway.
The house offers six letting rooms. three with en suites and a further two bathrooms.
Benefiting from gas central heating, upvc double glazing and parking to front.
Currently five rooms are let giving an income of £2,100 per calendar month/£25,200 per annum. Estimated current rental value when fully occupied is £31,200 per annum.
Room One (double with ensuite) - (Current Rent - £450. Market Rate - £500)
Room Two (double with ensuite) - (Current Rent - £475. Market Rate - £500)
Room Three (single) - (Current Rent - Vacant. Market Rate - £325)
Room Four (double) - (Current Rent - £400)
Room Five (double with ensuite) - (Current Rent - £375. Market Rate - £475)
Room Six (double) - (Current Rent - £400)
Market rates are based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Reception hallway, communal living kitchen, bedroom one with en suite and bedroom two with en suite.
Galleried landing, bedroom three, bedroom four, bedroom five with en suite, shower room one, bedroom six and shower room two.
Driveway parking to the front and enclosed gardens to side and rear.
Brick.
Mains.
Mains.
Mains.
O2, EE, Three, Vodafone available.
Standard - 12 mbps, Superfast - 80 mbps, Ultrafast - 1000 mbps available.
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.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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.
