House For Sale £132,000
Victoria Street, Stoke-On-Trent

For Sale by Public Auction on Monday 12th June 2023 at 6.30pm at the DoubleTree by Hilton Stoke-on-Trent, Etruria Hall Festival Way, Stoke-on-Trent ST1 5BQ. A six bedroom terraced property (three bedrooms and three reception rooms), with three rooms currently let achieving £12,360 per annum.

A fantastic opportunity for landlords and investors to purchase six bedroom (including three reception rooms) terraced home close to Newcastle-under-Lyme town centre and ideally placed for Royal Stoke University Hospital! Currently achieving approximately £12,360 per year, although this could be doubled if fully let and a HMO licence was obtained!

To the ground floor are three reception rooms/bedrooms, and a communal kitchen area. On the first floor are a further three bedrooms with a bathroom as well a separate W/C. There is also a useful loft room which could be converted to another bedroom subject to planning permission and building regulations. To the rear of the property is a paved yard.

Situated on Victoria Street in Basford, the property is perfectly placed for the Royal Stoke University Hospital, as well as Newcastle-under-Lyme town centre and commuting links such as the A34, A500 and M6. This area typically sees strong rental demand from students and professionals alike, particularly amongst employees or medical students at the hospital.

PLEASE NOTE: This property does not currently have a HMO licence and any prospective purchasers would need to apply for a licence if desiring to rent the property on a room-by-room basis to more than four separate tenants.

This sizeable property would be a welcome addition to any property portfolio! Please contact butters john bee to arrange your viewing!

Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on request)

Buyers Administration Fee
A buyer’s administration fee of £1000+VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date

Legal Pack
Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website . Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor’s solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them

Viewings
To view this lot, please contact the selling office

Bidding
Please contact our auction department direct on[use Contact Agent Button] for further information or [use Contact Agent Button] Further details are available in the catalogue -Addendum
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction

Reserve
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction

Proof of Identity
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction