House For Sale £45,000
*FOR SALE by ONLINE AUCTION on WEDNESDAY 20th SEPTEMBER 2023 at 3.00pm*
DESCRIPTION
This residential investment currently produces a rent of £5,200 per annum and represents an opportunity to achieve a gross income of over 10%. It has been let to the current tenant for 18yrs. The property has two bedrooms, plus a converted loft space and a good sized area of garden to the rear. A two storey extension contains the kitchen, with bathroom above and gas central heating is installed. Scope exists for modernisation and upgrading, which would increase rental value.
LOCATION
Abbey Street is in an area of terraced housing around 1.25 miles to the east of the centre of Hull. It is located near two arterial routes into the city and therefore enjoys easy access to the city’s main road network and a wide range of local amenities which are found along nearby Holderness Road.
ACCOMMODATION
GROUND FLOOR
Hallway: Understairs cupboard.
Through Lounge / Dining Room: Two radiators and staircase leading off.
Kitchen: Fitted round with base and wall cabinets including electric oven and hob. Plumbing for automatic washing machine, radiator, uPVC double glazed window and wall mounted gas boiler.
FIRST FLOOR
Landing: Radiator.
Bedroom One: Radiator.
Bedroom Two: Radiator.
Bathroom / WC: Three piece suite and radiator.
SECOND FLOOR
Loft Room: Velux roof window. Radiator.
EXTERNAL
Good-sized fully fenced garden area with rear pedestrian access.
Services: All mains services are connected to the property. None of the services or installations have been tested.
Council Tax: Council Tax is payable to the Kingston-upon-Hull City Council. The property is shown in the Council Tax Property Bandings List in Valuation Band A (verbal enquiry only).
Tenure: Freehold. Sold subject to the existing tenancy.
Viewing: Please refer to the video online. Personal viewing strictly by prior appointment with the auctioneers. Telephone: [use Contact Agent Button].
Solicitors: John Taylor at Pepperells
Additional Fees:
The purchaser will be required to pay an administration charge of 0.3% of the purchase price (0.25% plus VAT) subject to a minimum charge of £750 (£625 plus VAT) and a buyers premium of £480 (£400 + VAT) in addition to the purchase price of the property. Please see the legal pack for any disbursements that may become payable by the purchaser on completion.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 18th September 2023 and closing on Wednesday 20th September 2023 at 3.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneers offices, with the solicitors and on-line at prior to the date of the auction.
Online Bidding
If you are wanting to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process:
youtube.com/watch?v=ImXr4HXR36c
