House of Multiple Occupation
A seven bedroom HMO, currently producing £3,950 pcm (fully let)
A seven-bedroom HMO with a recently renewed HMO license (May25) situated in a popular area just over half a mile outside of Swansea City Centre.
The property offers communal spaces, a downstairs toilet, four en-suite bedrooms and three further bedrooms sharing an off-suite bathroom and additional shower. Externally, there is car parking for two vehicles. There is potential to add a further bedroom in the basement with planning permission granted in 2021 for a skylight to be added. The property is electric throughout, except for the gas boiler which is now ready for the BUS upgrade.
The property is located in a convenient spot, walking distance from the City Centre and all necessary amenities including shops, gyms and a selection of bars & cafes.
Subject to tenancy.
- Heating Supply: Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Off Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 3.6% of the purchase price (subject to a minimum of £4800 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.
