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75 Stafford Road, Southampton, Hampshire SO15 5EE

Lot no: 185 Postponed
 

Guide Price £320,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 30th May 2024

9.00am
Key Features
  • Recently renovated six bedroom HMO
  • Well-connected with public transport links
  • Attractive location with investment potential
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Postponed

House of Multiple Occupation

Property Description:

A neutrally decorated, six bedroom HMO property recently renovated and let at £1,850 per calendar month/£22,200 per annum. There are two years remaining on the tenancy agreement (guaranteed income for investor).

A well presented, terraced property offering a proven investment opportunity with an established £1,850 per calendar month rental income. We believe the property has potential for a rental increase to £2,000 per calendar month, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

A six-bedroom HMO that has been recently renovated to a high standard and having a full HMO licence in place.

The property boasts a modern kitchen equipped with up-to-date appliances, a utility room, spacious lounge with large windows and high ceilings that add to the sense of spaciousness.

There are six well-lit bedrooms in total, five of which are spacious doubles and one single. Each bedroom is generous in size and benefits from an abundance of natural light. There are two large bathrooms, each fitted with a rain shower and heated towel rail.

The house also comes with several appealing features, including a garage for secure parking and a garden to enjoy outdoor moments.

The location of this property is a strong point. It is well-connected with public transport links and nearby amenities, making day-to-day life convenient. Close proximity to local schools and parks, walking and cycling routes

The property benefits from modern kitchen with up-to-date appliances, spacious double bedrooms with natural light, two large bathrooms with rain shower, garage for secure parking, garden for outdoor enjoyment.

Construction Material:

Cavity wall, as built, no insulation (assumed)

Heating Supply:

Gas Central Heating

Electricity Supply:

Mains

Water Supply:

Mains

Sewerage Arrangements:

Mains

Note:

Buyers are to note the existence of Japanese Knotweed at the property and are referred to the legal pack for further information. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Note:

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure:

Freehold. Subject to tenancy.


Utilities Information
  • Heating Supply: Double Glazing, Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Garage



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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 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.