House For Sale £480,000
Summary
Located in the desirable Portswood area of the City within easy reach of the University, is this substantial HMO rental investment, for sale with no onward chain. The exceptional property is arranged as two HMO flats and is offered in A1 condition with furnishings, a large garden and parking.
Description
Located in the desirable Portswood area of Southampton within easy reach of the University, is this substantial HMO rental investment, for sale with no onward chain. The exceptional property is arranged as two HMO flats and is offered in A1 condition with furnishings. Fully let generating income of £2760 per month.
The accommodation is arranged over three floors offering a wealth of bedrooms and living accommodation. The ground floor flat comprising; entrance hall, three double bedrooms, shower room and a large communal living room and kitchen. The upstairs duplex flat is arranged over two floors and is host to five bedrooms, a shower room, cloakroom and a large living room and kitchen. Externally there are front and rear gardens and a driveway enabling off road parking.
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 Vestibule
Ground Floor Flat
Entrance Hall
Living Area & Kitchen 16' 1" into bay x 13' 5" ( 4.90m into bay x 4.09m )
Bedroom One 13' 6" x 13' 6" max ( 4.11m x 4.11m max )
Bedroom Two 12' 7" x 11' max ( 3.84m x 3.35m max )
Bedroom Three 10' 2" x 8' 6" ( 3.10m x 2.59m )
Shower Room 7' 2" x 11' 8" ( 2.18m x 3.56m )
First Floor Duplex Flat
First Floor Landing
Living Area & Kitchen 14' 8" x 13' 6" ( 4.47m x 4.11m )
Bedroom One 12' 2" x 9' 10" max ( 3.71m x 3.00m max )
Bedroom Two 10' 3" x 8' 6" ( 3.12m x 2.59m )
Bedroom Three 10' 6" x 8' 5" ( 3.20m x 2.57m )
Bedroom Four 13' 7" x 8' 4" ( 4.14m x 2.54m )
Bedroom Five 13' 11" max x 12' 10" max ( 4.24m max x 3.91m max )
Shower Room
Cloakroom
Front & Rear Gardens
Driveway Parking
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.
Located in the desirable Portswood area of the City within easy reach of the University, is this substantial HMO rental investment, for sale with no onward chain. The exceptional property is arranged as two HMO flats and is offered in A1 condition with furnishings, a large garden and parking.
Description
Located in the desirable Portswood area of Southampton within easy reach of the University, is this substantial HMO rental investment, for sale with no onward chain. The exceptional property is arranged as two HMO flats and is offered in A1 condition with furnishings. Fully let generating income of £2760 per month.
The accommodation is arranged over three floors offering a wealth of bedrooms and living accommodation. The ground floor flat comprising; entrance hall, three double bedrooms, shower room and a large communal living room and kitchen. The upstairs duplex flat is arranged over two floors and is host to five bedrooms, a shower room, cloakroom and a large living room and kitchen. Externally there are front and rear gardens and a driveway enabling off road parking.
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 Vestibule
Ground Floor Flat
Entrance Hall
Living Area & Kitchen 16' 1" into bay x 13' 5" ( 4.90m into bay x 4.09m )
Bedroom One 13' 6" x 13' 6" max ( 4.11m x 4.11m max )
Bedroom Two 12' 7" x 11' max ( 3.84m x 3.35m max )
Bedroom Three 10' 2" x 8' 6" ( 3.10m x 2.59m )
Shower Room 7' 2" x 11' 8" ( 2.18m x 3.56m )
First Floor Duplex Flat
First Floor Landing
Living Area & Kitchen 14' 8" x 13' 6" ( 4.47m x 4.11m )
Bedroom One 12' 2" x 9' 10" max ( 3.71m x 3.00m max )
Bedroom Two 10' 3" x 8' 6" ( 3.12m x 2.59m )
Bedroom Three 10' 6" x 8' 5" ( 3.20m x 2.57m )
Bedroom Four 13' 7" x 8' 4" ( 4.14m x 2.54m )
Bedroom Five 13' 11" max x 12' 10" max ( 4.24m max x 3.91m max )
Shower Room
Cloakroom
Front & Rear Gardens
Driveway Parking
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.
