House For Sale £155,000
Summary
A fully licensed six bedrooms HMO investment property provides spacious accommodation over three floors and comprises of three ground floor bedrooms, two bedrooms to the first floor with ensuite, communal kitchen and shower room and one bedroom to third floor with ensuite and kitchenette.
Description
A fully licensed six bedrooms HMO investment property provides spacious accommodation over three floors and comprises of three ground floor bedrooms, two bedrooms to the first floor with ensuite, communal kitchen and shower room and one bedroom to third floor with ensuite and kitchenette. If fully occupied, potential annual gross income of £27,600.
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Entrance Porch
With a front facing exterior door, tiled walls and a further door which gives access to the entrance hall. The hall has original coving to the ceiling, a feature archway, a central heating radiator, stairs which rise to the first floor landing and inner hall has a side facing exterior door giving access to the rear garden. The inner hall gives access to the ground floor bedrooms and storage cellar.
Bedroom One 13' x 12' 7" max ( 3.96m x 3.84m max )
A double room with a front facing double glazed window, a central heating radiator and a TV point to the wall.
Bedroom Two 12' 4" x 9' 3" ( 3.76m x 2.82m )
A double room with a rear facing double glazed window, a central heating radiator and a TV point to the wall.
Bedroom Three 14' 11" x 9' 11" max ( 4.55m x 3.02m max )
A double room with side and rear facing double glazed windows, a central heating radiator, a TV point to the wall and a fitted storage cupboard with shelving.
First Floor Landing
With stairs rising to the second floor landing.
Communal Kitchen 12' 8" max x 10' max ( 3.86m max x 3.05m max )
Fitted with a range of wall and base units with coordinating work surfaces housing the stainless steel sink and drainer with mixer tap. The kitchen has tiled splash back, a four ring gas hob with cooker hood above, an electric oven and grill, plumbing for a washing machine and space for an under counter fridge and freezer. There is a uPVC double glazed window and a central heating radiator.
Bedroom Four 12' 5" x 10' 2" max ( 3.78m x 3.10m max )
A double room with a rear facing double glazed window, a central heating radiator and a TV point to the wall.
Bedroom Five 10' 4" max x 16' 5" max ( 3.15m max x 5.00m max )
A double room with two front facing double glazed windows, a central heating radiator and a TV point to the wall. A door gives access to the ensuite shower room.
Ensuite Shower Room
Fitted with a white suite comprising of a WC, a wash hand basin and a shower cubicle with tiled surround and mixer shower over. There is partial tiling to the walls and an extractor fan.
Communal Shower Room
Fitted with a WC, a wash hand basin and a shower cubicle with tiled surround and mixer shower. There is a side facing uPVC opaque double glazed window, partial tiling to the walls, a heated towel rail and extractor fan.
Separate W.C
Fitted with a WC, an extractor fan and a side facing opaque double glazed window.
Second Floor Landing
Bedroom Six 9' 2" x 12' ( 2.79m x 3.66m )
A double room with a front facing double glazed window, a central heating radiator and a TV point to the wall. The room has fitted base units and work surfaces housing the insert stainless steel sink and drainer with mixer tap. There is space for an under counter fridge. A door gives access to the ensuite shower room.
Ensuite Shower Room
Fitted with a WC, a wash hand basin and a shower cubicle with partial tiled surrounds. There is a central heating radiator.
Outside
To the front of the property is a courtyard whilst to the rear is a hard standing concrete garden for ease of maintenance. There is a rear gate giving access to the service road.
Additional Information
HMO license number wk/ Current rates - 4 bedrooms at £400pcm & 2 bedrooms at £350pcm.
If fully occupied potential annual gross rental income of £27,600.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
A fully licensed six bedrooms HMO investment property provides spacious accommodation over three floors and comprises of three ground floor bedrooms, two bedrooms to the first floor with ensuite, communal kitchen and shower room and one bedroom to third floor with ensuite and kitchenette.
Description
A fully licensed six bedrooms HMO investment property provides spacious accommodation over three floors and comprises of three ground floor bedrooms, two bedrooms to the first floor with ensuite, communal kitchen and shower room and one bedroom to third floor with ensuite and kitchenette. If fully occupied, potential annual gross income of £27,600.
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Entrance Porch
With a front facing exterior door, tiled walls and a further door which gives access to the entrance hall. The hall has original coving to the ceiling, a feature archway, a central heating radiator, stairs which rise to the first floor landing and inner hall has a side facing exterior door giving access to the rear garden. The inner hall gives access to the ground floor bedrooms and storage cellar.
Bedroom One 13' x 12' 7" max ( 3.96m x 3.84m max )
A double room with a front facing double glazed window, a central heating radiator and a TV point to the wall.
Bedroom Two 12' 4" x 9' 3" ( 3.76m x 2.82m )
A double room with a rear facing double glazed window, a central heating radiator and a TV point to the wall.
Bedroom Three 14' 11" x 9' 11" max ( 4.55m x 3.02m max )
A double room with side and rear facing double glazed windows, a central heating radiator, a TV point to the wall and a fitted storage cupboard with shelving.
First Floor Landing
With stairs rising to the second floor landing.
Communal Kitchen 12' 8" max x 10' max ( 3.86m max x 3.05m max )
Fitted with a range of wall and base units with coordinating work surfaces housing the stainless steel sink and drainer with mixer tap. The kitchen has tiled splash back, a four ring gas hob with cooker hood above, an electric oven and grill, plumbing for a washing machine and space for an under counter fridge and freezer. There is a uPVC double glazed window and a central heating radiator.
Bedroom Four 12' 5" x 10' 2" max ( 3.78m x 3.10m max )
A double room with a rear facing double glazed window, a central heating radiator and a TV point to the wall.
Bedroom Five 10' 4" max x 16' 5" max ( 3.15m max x 5.00m max )
A double room with two front facing double glazed windows, a central heating radiator and a TV point to the wall. A door gives access to the ensuite shower room.
Ensuite Shower Room
Fitted with a white suite comprising of a WC, a wash hand basin and a shower cubicle with tiled surround and mixer shower over. There is partial tiling to the walls and an extractor fan.
Communal Shower Room
Fitted with a WC, a wash hand basin and a shower cubicle with tiled surround and mixer shower. There is a side facing uPVC opaque double glazed window, partial tiling to the walls, a heated towel rail and extractor fan.
Separate W.C
Fitted with a WC, an extractor fan and a side facing opaque double glazed window.
Second Floor Landing
Bedroom Six 9' 2" x 12' ( 2.79m x 3.66m )
A double room with a front facing double glazed window, a central heating radiator and a TV point to the wall. The room has fitted base units and work surfaces housing the insert stainless steel sink and drainer with mixer tap. There is space for an under counter fridge. A door gives access to the ensuite shower room.
Ensuite Shower Room
Fitted with a WC, a wash hand basin and a shower cubicle with partial tiled surrounds. There is a central heating radiator.
Outside
To the front of the property is a courtyard whilst to the rear is a hard standing concrete garden for ease of maintenance. There is a rear gate giving access to the service road.
Additional Information
HMO license number wk/ Current rates - 4 bedrooms at £400pcm & 2 bedrooms at £350pcm.
If fully occupied potential annual gross rental income of £27,600.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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