House For Sale £125,000
Investment opportunity ** For sale by Modern Auction** Situated just a stones throw from the town centre and railway station you will find this terrace property. The property has been and still maintains to be let as a Registered House of Multiple Occupancy. The property currently has a gross income of £17,160 which gives the current landlord a net income of £11,680 after costs. Currently there are four rooms let and there is the opportunity for a fifth room to be let but as the property is only registered as a HMO it would need to be licensed if all Five Rooms were to be let at the same time. If your looking for an investment opportunity that already has tenants in situ on Assured Shorthold Tenancies then this could be something for you. To arrange a viewing please contact the office on .
EPC rating: D. Council tax band: A, Tenure: Freehold
Accommodation
Entrance Hall
With wooden entrance door, stairs rising to the first floor landing with access beneath to a cellar and fitted storage cupboard and doors to two let ground floor bedrooms, door to the rear garden and further door to communal kitchen leading on to a utility ares with showers and reception room to the rear.
Ground Floor Front Bedroom
Having uPVC double glazed window to the front aspect, radiator, wood effect flooring and wash handbasin to the corner inset to a vanity unit with cupboard storage beneath. (3.99m x 3.89m)
Ground Floor Bedroom Two
Having uPVC double glazed window to the rear aspect, radiator and wash handbasin to the corner inset to a vanity unit with cupboard storage beneath. (3.66m x 3.28m)
Communal Kitchen
With uPVC double glazed window to the side aspect, a comprehensive range of eye and base level units with roll edge work surfacing incorporating breakfast bar area and offering under unit appliance space, inset stainless steel double drainer sink, tiled splashbacks, space for cooker with extractor over, space for full height fridge freezer, door to utility area. (2.44m x 4.67m)
Utility Area
With cupboard housing a central heating boiler and storage cupboard to the opposite side. Door to:
Inner Hallway
With toilet and doors to two shower cubicles, also a door to a communal reception room. (1.19m x 3.15m)
Toilet
Having a 2-piece suite comprising close coupled WC and wash handbasin and a uPVC obscure double glazed window to the side aspect.
Two Shower Cubicles
Both having a fully tiled shower enclosure with mixer shower over. (0.81m x 1.07m)
Communal Reception Room
With sliding patio doors to the side and rear aspect, wood effect flooring and radiator. (2.21m x 3.35m)
First Floor Landing
With doors to two further let rooms, a first floor toilet and a third potential lettable room to the rear.
Front Bedroom
With uPVC double glazed window to the front aspect, radiator and wash handbasin inset to a vanity unit with storage beneath. (3.96m x 4.95m)
Rear Bedroom
With uPVC double glazed window to the rear aspect and wash handbasin inset to a vanity unit with storage beneath. (3.30m x 3.66m)
Toilet
With uPVC obscure double glazed window to the side aspect and close coupled WC.
Potential Fifth Bedroom
(Unable to access entry to this room).
Outside
There is an enclosed hard landscaped garden for ease of maintenance with gated rear access and enclosed by walls to three sides.
Services
Mains water, gas, electricity and drainage are connected.
Council Tax
The property is in Council Tax Band A.
Directions
From High Street proceed south, over the traffic lights adjacent to St Catherines Road and take the third left turn on to Oxford Street. The property is on the right-hand side.
Grantham
The property is within a short walk to the town centre with all its amenities and the railway station. Travel connections in the area are excellent - the A1 passes to the west of the town providing access to major commuter areas and the A52 crosses through taking you east to Boston and west to Nottingham. Grantham station is on the East Coast mainline giving direct services to London Kings Cross with a journey time from around 70 minutes, Newark in 10 mins and Peterborough in 20 mins. Cross country service to Nottingham in just 30 mins.
Agent's Note
Please note these particulars must not be relied upon as an entirely accurate description of the property. Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed and they do not form part of any contract. All services and appliances have not and will not be tested.
Auction Info
- 21st August 2022
EPC rating: D. Council tax band: A, Tenure: Freehold
Accommodation
Entrance Hall
With wooden entrance door, stairs rising to the first floor landing with access beneath to a cellar and fitted storage cupboard and doors to two let ground floor bedrooms, door to the rear garden and further door to communal kitchen leading on to a utility ares with showers and reception room to the rear.
Ground Floor Front Bedroom
Having uPVC double glazed window to the front aspect, radiator, wood effect flooring and wash handbasin to the corner inset to a vanity unit with cupboard storage beneath. (3.99m x 3.89m)
Ground Floor Bedroom Two
Having uPVC double glazed window to the rear aspect, radiator and wash handbasin to the corner inset to a vanity unit with cupboard storage beneath. (3.66m x 3.28m)
Communal Kitchen
With uPVC double glazed window to the side aspect, a comprehensive range of eye and base level units with roll edge work surfacing incorporating breakfast bar area and offering under unit appliance space, inset stainless steel double drainer sink, tiled splashbacks, space for cooker with extractor over, space for full height fridge freezer, door to utility area. (2.44m x 4.67m)
Utility Area
With cupboard housing a central heating boiler and storage cupboard to the opposite side. Door to:
Inner Hallway
With toilet and doors to two shower cubicles, also a door to a communal reception room. (1.19m x 3.15m)
Toilet
Having a 2-piece suite comprising close coupled WC and wash handbasin and a uPVC obscure double glazed window to the side aspect.
Two Shower Cubicles
Both having a fully tiled shower enclosure with mixer shower over. (0.81m x 1.07m)
Communal Reception Room
With sliding patio doors to the side and rear aspect, wood effect flooring and radiator. (2.21m x 3.35m)
First Floor Landing
With doors to two further let rooms, a first floor toilet and a third potential lettable room to the rear.
Front Bedroom
With uPVC double glazed window to the front aspect, radiator and wash handbasin inset to a vanity unit with storage beneath. (3.96m x 4.95m)
Rear Bedroom
With uPVC double glazed window to the rear aspect and wash handbasin inset to a vanity unit with storage beneath. (3.30m x 3.66m)
Toilet
With uPVC obscure double glazed window to the side aspect and close coupled WC.
Potential Fifth Bedroom
(Unable to access entry to this room).
Outside
There is an enclosed hard landscaped garden for ease of maintenance with gated rear access and enclosed by walls to three sides.
Services
Mains water, gas, electricity and drainage are connected.
Council Tax
The property is in Council Tax Band A.
Directions
From High Street proceed south, over the traffic lights adjacent to St Catherines Road and take the third left turn on to Oxford Street. The property is on the right-hand side.
Grantham
The property is within a short walk to the town centre with all its amenities and the railway station. Travel connections in the area are excellent - the A1 passes to the west of the town providing access to major commuter areas and the A52 crosses through taking you east to Boston and west to Nottingham. Grantham station is on the East Coast mainline giving direct services to London Kings Cross with a journey time from around 70 minutes, Newark in 10 mins and Peterborough in 20 mins. Cross country service to Nottingham in just 30 mins.
Agent's Note
Please note these particulars must not be relied upon as an entirely accurate description of the property. Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed and they do not form part of any contract. All services and appliances have not and will not be tested.
Auction Info
- 21st August 2022
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