House For Sale £135,000
For sale by Modern Method of Auction: Starting Bid Price £135,000 plus Reservation Fee. Superb investment opportunity. A spacious mid terrace home which for several years has been run as a HMO having, five double and one single bedrooms, all with their very own en-suite shower rooms. There is a communal entrance hall and landing, lounge, breakfast area, fitted kitchen with two ovens and two sinks and a further ground floor shower room. This home has consistently been producing a steady gross annual income of over £31,000, with a yield of over 13%. making this an ideal investment property. The HMO Licence expiry on this property is 14/03/2025. (Obviously this can be renewed via the normal local authority route). The property is located within a prime spot within walking distance of the retail park, lifestyle centre, town centre and just a brisk walk to the mainline railway station, or short drive whichever you prefer. The property has double glazing, gas central heating, a communal gravel walled courtyard to the rear. Ideal as an investment or to be used as a residential home.
Auctioneer's Comments - This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, I Am Sold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with I am Sold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by I am Sold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Entrance Hall - Entrance door. Stairs leading to first floor.
Bedroom One - 3.589m x 3.547m maximum (11'9" x 11'7" maximum) - Three double glazed windows. Radiator.
En-Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Bedroom Two - 3.537m x 2.953m maximum (11'7" x 9'8" maximum) - Double glazed window. Radiator.
En-Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Fitted Kitchen - 5.817m x 2.017m (19'1" x 6'7") - Range of fitted units comprising two single drainer sink units with work surfaces adjacent. Base units under with cupboards and drawers. Wall mounted cabinets over. Space for a fridge freezer. Plumbing for a washing machine. Two four ring gas hobs with two ovens and grills. Complementary tiling. Space for two fridge freezers.
Lounge - 3.650m x 2.891m (11'11" x 9'5") - Double glazed box bay window. Open plan to the breakfast area and kitchen. Radiator.
Breakfast Area - 2.744m x 1.762m (9'0" x 5'9") - Built in breakfast bar. Double glazed window.
Ground Floor Shower Room -
Stairs To First Floor - Split level landing. Wooden balustrade. Access to loft space.
Bedroom Three - 3.079m x 2.911m (10'1" x 9'6") - Double glazed window. Radiator.
En-Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Bedroom Four - 3.037m x 3.612m (9'11" x 11'10") - Double glazed window. Radiator.
En--Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Bedroom Five - 3.712m x 2.915m maximum (12'2" x 9'6" maximum) - Two double glazed arched windows. Radiator.
En-Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Bedroom Six - 3.653m x 2.034m maximum (11'11" x 6'8" maximum) - Double glazed arched window. Radiator. (single room)
En-Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Externally - The property is set back from the road behind a small forecourt. To the rear there is a walled gravel courtyard providing an ideal area for sitting out during the summer months.
Tenure - We understand from the vendor that the property is freehold. We would however recommend that your solicitor check the tenure prior to exchange of contracts.
Need To Sell? - For a FREE valuation please call or e-mail and we will be happy to assist.
Council Tax - Band B
Auctioneer's Comments - This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, I Am Sold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with I am Sold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by I am Sold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Entrance Hall - Entrance door. Stairs leading to first floor.
Bedroom One - 3.589m x 3.547m maximum (11'9" x 11'7" maximum) - Three double glazed windows. Radiator.
En-Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Bedroom Two - 3.537m x 2.953m maximum (11'7" x 9'8" maximum) - Double glazed window. Radiator.
En-Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Fitted Kitchen - 5.817m x 2.017m (19'1" x 6'7") - Range of fitted units comprising two single drainer sink units with work surfaces adjacent. Base units under with cupboards and drawers. Wall mounted cabinets over. Space for a fridge freezer. Plumbing for a washing machine. Two four ring gas hobs with two ovens and grills. Complementary tiling. Space for two fridge freezers.
Lounge - 3.650m x 2.891m (11'11" x 9'5") - Double glazed box bay window. Open plan to the breakfast area and kitchen. Radiator.
Breakfast Area - 2.744m x 1.762m (9'0" x 5'9") - Built in breakfast bar. Double glazed window.
Ground Floor Shower Room -
Stairs To First Floor - Split level landing. Wooden balustrade. Access to loft space.
Bedroom Three - 3.079m x 2.911m (10'1" x 9'6") - Double glazed window. Radiator.
En-Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Bedroom Four - 3.037m x 3.612m (9'11" x 11'10") - Double glazed window. Radiator.
En--Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Bedroom Five - 3.712m x 2.915m maximum (12'2" x 9'6" maximum) - Two double glazed arched windows. Radiator.
En-Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Bedroom Six - 3.653m x 2.034m maximum (11'11" x 6'8" maximum) - Double glazed arched window. Radiator. (single room)
En-Suite Shower Room - Suite comprising a shower enclosure with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling.
Externally - The property is set back from the road behind a small forecourt. To the rear there is a walled gravel courtyard providing an ideal area for sitting out during the summer months.
Tenure - We understand from the vendor that the property is freehold. We would however recommend that your solicitor check the tenure prior to exchange of contracts.
Need To Sell? - For a FREE valuation please call or e-mail and we will be happy to assist.
Council Tax - Band B
