This well presented through terrace in Kippax has been run as a small HMO in recent years and would make a good addition to a portfolio. With two of the three rooms currently tenanted, the property is generating an income of £12,300 per annum. When fully let, this will increase to around £18,300 per annum which equates to a potential return of more that 13%, based on the guide price. The tenants share a lounge, modern dining kitchen and bathroom. Externally, there is an enclosed garden to the rear and small area to front.
Please note - the images of the front bedroom are from 2019 and will be updated once we've gained access to the room.
Accommodation
Ground Floor
Lounge and dining room.
First Floor
Landing, two bedrooms and bathroom.
Second Floor
Bedroom.
Externally
Garden to the rear.
Additional Information
Council Tax
Band A.
Tenure
Freehold.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Charges & Payments
In addition to the deposit
Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT.
Disclaimer
Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Guide Price
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.