House For Sale £225,000
For sale by auction on Wednesday, 12 Oct 2022 at 11:00
Venue: Online via live stream
A late Victorian period House In Multiple Occupation comprising six lettable rooms, five with ensuite shower rooms and one independent shower room.
Other facilities include a communal kitchen and study room as well as a communal rear garden. The property is presented in good order with a full HMO licence and the potential to yield a gross income of £33,000 per annum with full occupancy. Following deductions for council tax, water and energy bills the net income produces a yield in excess of 11% at the mid range guide price quoted.
Accommodation
ground floor
Entrance hall, room one, shower room ensuite, communal kitchen, rear hall, communal study room, room two and shower room ensuite.
First floor
Front landing, room three, shower room ensuite, room four, shower room ensuite, room five, rear landing, shower room, room six and shower room ensuite.
Outside
Rear garden.
Management
The property has been under full management by a local estate agent in Kettering, each room let under an independent tenancy agreement, copies of which are available with the legal pack.
Council tax
From 1st April 2021 to 31st March 2022 - £1,456.29
North Northamptonshire Council - Band B
EPC Rating: D
Additional Fees
Buyers Premium: The purchaser will also be required to pay a buyer's premium of £900 (£750 plus VAT).
Administration Charge - The purchaser will be required to pay an administration charge of £600 (£500 plus VAT).
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Online via live stream
A late Victorian period House In Multiple Occupation comprising six lettable rooms, five with ensuite shower rooms and one independent shower room.
Other facilities include a communal kitchen and study room as well as a communal rear garden. The property is presented in good order with a full HMO licence and the potential to yield a gross income of £33,000 per annum with full occupancy. Following deductions for council tax, water and energy bills the net income produces a yield in excess of 11% at the mid range guide price quoted.
Accommodation
ground floor
Entrance hall, room one, shower room ensuite, communal kitchen, rear hall, communal study room, room two and shower room ensuite.
First floor
Front landing, room three, shower room ensuite, room four, shower room ensuite, room five, rear landing, shower room, room six and shower room ensuite.
Outside
Rear garden.
Management
The property has been under full management by a local estate agent in Kettering, each room let under an independent tenancy agreement, copies of which are available with the legal pack.
Council tax
From 1st April 2021 to 31st March 2022 - £1,456.29
North Northamptonshire Council - Band B
EPC Rating: D
Additional Fees
Buyers Premium: The purchaser will also be required to pay a buyer's premium of £900 (£750 plus VAT).
Administration Charge - The purchaser will be required to pay an administration charge of £600 (£500 plus VAT).
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
