House For Sale £100,000
This excellent mid-terrace house is currently let as an HMO generating approx. £23,000p.a gross income from five letting rooms (three with en-suite shower rooms), although the HMO license is under review as it should only have four letting rooms. A reduction to only four would reduce the income to approx. £18,600 however, it would free up a room for use as a communal lounge. The gas centrally heated and mainly double-glazed accommodation includes a recently refurbished kitchen and also benefits from a low-maintenance garden to the rear.
Location
The Dukeries is so very popular and well known for the many amenities which are conveniently placed within a short distance from the property. There are busy interesting local traders along Princes Avenue and Newland Avenue, and regular public transport links create good connections to the City Centre and surrounding areas. This is an excellent catchment area for Schools, Colleges, and Academies. The area has a real multicultural feel with Cafe Bars, quality eateries, Restaurants, and Bistros thus providing a great choice for evenings out and get-togethers.
Accommodation
Ground Floor: Entrance Hall, Living room (currently fifth letting room), double bedroom, kitchen, rear hall, bathroom, separate WC.
First floor: Three double en-suite letting rooms.
Outside: Small forecourt to the front and enclosed rear courtyard garden.
Viewing
Strictly by appointment with the Auctioneers on[use Contact Agent Button].
Council Tax:
Council tax is payable to Hull City Council. The property is listed as being in Council Tax band A.
Tenure:
Freehold with possession subject to the existing Assured Shorthold tenancy Agreements.
Services:
All mains services are available but have not been tested by Auction House.
VAT:
We understand VAT is not payable.
Solicitors:
Rosling King LLP, 55 Ludgate, London, EC4M 7JW. FTAO Ann Ebberson [use Contact Agent Button]
Energy Performance Certificate (EPC):
63(D)
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd January 2024 and closing on Wednesday 24th January at 1.00pm. 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 auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of 0.3% of the sale price subject to a minimum fee of £900 (£750 plus VAT) and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Guide Price
Guides are provided as an indication of each sellers 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.
Online Bidding
If you want 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
