House For Sale £200,000
For sale by auction on Wednesday, 08 Feb 2023 at 11:00
Venue: Livestream Auction
Substantial three storey period property with current HMO licence and potential to earn in excess of £31,800 pa or conversion into a beautiful family home (stpp)
This substantial three storey house is situated in a desirable street close to the seafront of Gorleston and convenient for the James Paget Hospital. This imposing family home has for the past three decades been run as a successful HMO and has a licence to continue. However, with one tenant remaining and moving on shortly the owner has decided to sell giving the option for a purchaser to restore into an impressive family home. If you are looking for a project of a character property this would not disappoint.
Offering 5 rooms under the HMO licence, two of which have en-suite shower rooms, three others have shared facilities. There are two kitchens, one on the ground floor and one on the first floor, along with one shared bathroom on the first floor. There is a communal garden and double garage to the rear of the property. The property has potential to earn an annual income of £31,800 per annum.
Ground Floor
Shared entrance hall, utility room, wc
Flat 1 with bedroom/sitting room, kitchen, en-suite bathroom
Flat 2 with hall, bedroom/sitting room, bathroom
First Floor
Landing
Flat 3: Bedroom/sitting room, kitchen
Flat 4: Living room/kitchen, bedroom
Shared bathroom and separate wc for flats 3,4 and 5
Second Floor
Flat 5: Living room/kitchen, bedroom
Outside
Walled front garden. Private rear garden with store shed and double garage approached via rear lane.
Council Tax Band
5 Clarence Road = C
Flat 1 = A
Viewing
Viewings are being arranged and the next is on Friday 3 and Monday 6 February. Appointment essential. Please contact the Norwich office to book a slot.
EPC Rating: E
Additional Fees
Buyers Premium: £960 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
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: Livestream Auction
Substantial three storey period property with current HMO licence and potential to earn in excess of £31,800 pa or conversion into a beautiful family home (stpp)
This substantial three storey house is situated in a desirable street close to the seafront of Gorleston and convenient for the James Paget Hospital. This imposing family home has for the past three decades been run as a successful HMO and has a licence to continue. However, with one tenant remaining and moving on shortly the owner has decided to sell giving the option for a purchaser to restore into an impressive family home. If you are looking for a project of a character property this would not disappoint.
Offering 5 rooms under the HMO licence, two of which have en-suite shower rooms, three others have shared facilities. There are two kitchens, one on the ground floor and one on the first floor, along with one shared bathroom on the first floor. There is a communal garden and double garage to the rear of the property. The property has potential to earn an annual income of £31,800 per annum.
Ground Floor
Shared entrance hall, utility room, wc
Flat 1 with bedroom/sitting room, kitchen, en-suite bathroom
Flat 2 with hall, bedroom/sitting room, bathroom
First Floor
Landing
Flat 3: Bedroom/sitting room, kitchen
Flat 4: Living room/kitchen, bedroom
Shared bathroom and separate wc for flats 3,4 and 5
Second Floor
Flat 5: Living room/kitchen, bedroom
Outside
Walled front garden. Private rear garden with store shed and double garage approached via rear lane.
Council Tax Band
5 Clarence Road = C
Flat 1 = A
Viewing
Viewings are being arranged and the next is on Friday 3 and Monday 6 February. Appointment essential. Please contact the Norwich office to book a slot.
EPC Rating: E
Additional Fees
Buyers Premium: £960 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
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.
