House For Sale £500,000
Summary
*** seven bedrooms *** currently A HMO *** large drive way *** detached chalet bungalow *** large rear garden *** potential for development *** modern throughout *** gas central heating *** double glazing throughout ***
description
*** seven bedrooms *** currently A HMO *** large drive way *** detached chalet bungalow *** large rear garden *** potential for development *** modern throughout *** gas central heating *** double glazing throughout ***
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
Door to the front.
Entrance Hall
Double glazed door to the front. Stairs to the first floor, understairs cupboard, radiator.
Bedroom One 14' x 11' ( 4.27m x 3.35m )
Double glazed window to the front, radiator
Bedroom Two 14' x 11' ( 4.27m x 3.35m )
Double glazed window to the front, radiator.
Bedroom Three 12' x 11' ( 3.66m x 3.35m )
double glazed window to the side, radiator.
Bedroom Four 19' x 11' ( 5.79m x 3.35m )
Double glazed double door to the rear garden, radiator.
Kitchen 19' x 11' ( 5.79m x 3.35m )
Double glazed window to the rear, double glazed door to the garden, fitted kitchen, wall and base units, worktops, sink drainer 1 and a half bowl, two integral electric ovens, electric hob, space for several fridge freezers, plumbing for a washing machine, gas central heating boiler, partly tiled, radiator.
Lobby / Communal Area 16' 1" x 9' ( 4.90m x 2.74m )
Double glazed window to the side.
First Floor Landing
stairs to the ground floor.
Bedroom Five
Bedroom Six 17' x 11' ( 5.18m x 3.35m )
Double glazed window to the rear, radiator.
En-Suite
Double glazed window to the side, shower cubical, WC, wash hand basin, radiator.
Bedroom Seven 14' 1" x 7' 9" ( 4.29m x 2.36m )
Double glazed window to the side, radiator.
Bathroom
Double glazed window to the rear, shower cubical, wash hand basin, WC, bath with mixer taps, heated towel rail, extractor fan.
Outbuilding 23' x 19' ( 7.01m x 5.79m )
Double glazed window to the rear, double glazed door to the side, electric roller door, stairs to the first floor.
Outside
Front garden:
Paved driveway, walled to the front.
Rear garden:
Block paved patio area, garage/outbuilding, double wooden gates. Laid to lawn, plant shrub boarders.
Rental Information
The below information has been provided to us by the current vendors in good faith. Further information would naturally follow when entering into any legal transaction.
Rental Yield - 367 Fareham Road:
Bedroom 1 - £110 Per Week - Currently Let as of 25.09.2020 04.10.2020
Bedroom 2 - £110 Per Week - Unoccupied - Fox and Sons listing (charged as £525 pcm to include fee's to Fox&Sons)
Bedroom 3 - £100 Per Week - Currently Let as of 28.09.2020
Bedroom 4 - £125 Per Week - Currently Let as of 25.09.2020
Bedroom 5 en suite - £125 Per Week - Currently Let as of 18.01.2021 (charged as £575 pcm to include fee's to Fox&Sons)
Bedroom 6 - £110 Per Week - Currently Let as of
Gross Weekly Return £680
Gross Monthly Return £3,030
Gross return Annual £35,360
Potential return with increase to 10 rooms following Garage Conversion:
Room 7 (Main House) - £80 Per Week
Room 8 (Garage) - £125 Per Week
Room 9 (Garage) - £125 Per Week
Room 10 (Garage) - £125 Per Week
Gross Weekly Return £1,135
Gross Monthly return £4,918.33
Gross return Annual £59,020
Deposits currently held for Rooms 1,3,5 & 6 to the sum of 4 x weeks rent.
Room 4, no deposit held due to historical arrangement with tenant.
Couples charged at 50% uplift per week.
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.
*** seven bedrooms *** currently A HMO *** large drive way *** detached chalet bungalow *** large rear garden *** potential for development *** modern throughout *** gas central heating *** double glazing throughout ***
description
*** seven bedrooms *** currently A HMO *** large drive way *** detached chalet bungalow *** large rear garden *** potential for development *** modern throughout *** gas central heating *** double glazing throughout ***
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
Door to the front.
Entrance Hall
Double glazed door to the front. Stairs to the first floor, understairs cupboard, radiator.
Bedroom One 14' x 11' ( 4.27m x 3.35m )
Double glazed window to the front, radiator
Bedroom Two 14' x 11' ( 4.27m x 3.35m )
Double glazed window to the front, radiator.
Bedroom Three 12' x 11' ( 3.66m x 3.35m )
double glazed window to the side, radiator.
Bedroom Four 19' x 11' ( 5.79m x 3.35m )
Double glazed double door to the rear garden, radiator.
Kitchen 19' x 11' ( 5.79m x 3.35m )
Double glazed window to the rear, double glazed door to the garden, fitted kitchen, wall and base units, worktops, sink drainer 1 and a half bowl, two integral electric ovens, electric hob, space for several fridge freezers, plumbing for a washing machine, gas central heating boiler, partly tiled, radiator.
Lobby / Communal Area 16' 1" x 9' ( 4.90m x 2.74m )
Double glazed window to the side.
First Floor Landing
stairs to the ground floor.
Bedroom Five
Bedroom Six 17' x 11' ( 5.18m x 3.35m )
Double glazed window to the rear, radiator.
En-Suite
Double glazed window to the side, shower cubical, WC, wash hand basin, radiator.
Bedroom Seven 14' 1" x 7' 9" ( 4.29m x 2.36m )
Double glazed window to the side, radiator.
Bathroom
Double glazed window to the rear, shower cubical, wash hand basin, WC, bath with mixer taps, heated towel rail, extractor fan.
Outbuilding 23' x 19' ( 7.01m x 5.79m )
Double glazed window to the rear, double glazed door to the side, electric roller door, stairs to the first floor.
Outside
Front garden:
Paved driveway, walled to the front.
Rear garden:
Block paved patio area, garage/outbuilding, double wooden gates. Laid to lawn, plant shrub boarders.
Rental Information
The below information has been provided to us by the current vendors in good faith. Further information would naturally follow when entering into any legal transaction.
Rental Yield - 367 Fareham Road:
Bedroom 1 - £110 Per Week - Currently Let as of 25.09.2020 04.10.2020
Bedroom 2 - £110 Per Week - Unoccupied - Fox and Sons listing (charged as £525 pcm to include fee's to Fox&Sons)
Bedroom 3 - £100 Per Week - Currently Let as of 28.09.2020
Bedroom 4 - £125 Per Week - Currently Let as of 25.09.2020
Bedroom 5 en suite - £125 Per Week - Currently Let as of 18.01.2021 (charged as £575 pcm to include fee's to Fox&Sons)
Bedroom 6 - £110 Per Week - Currently Let as of
Gross Weekly Return £680
Gross Monthly Return £3,030
Gross return Annual £35,360
Potential return with increase to 10 rooms following Garage Conversion:
Room 7 (Main House) - £80 Per Week
Room 8 (Garage) - £125 Per Week
Room 9 (Garage) - £125 Per Week
Room 10 (Garage) - £125 Per Week
Gross Weekly Return £1,135
Gross Monthly return £4,918.33
Gross return Annual £59,020
Deposits currently held for Rooms 1,3,5 & 6 to the sum of 4 x weeks rent.
Room 4, no deposit held due to historical arrangement with tenant.
Couples charged at 50% uplift per week.
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.
