Ref: Lot 19
Investment opportunity - £30,720 per annum!
We are pleased to offer this fantastic investment opportunity bringing in £30,730 per annum (12% yield based on this guide price).
This six-bedroom, licensed HMO, comprises: entrance hall, two ensuite bedrooms, sitting room, kitchen, shower room and separate WC on the ground floor and a further four bedrooms (one of which is ensuite) and bathroom on the first floor.
Externally to the front of the property is off road parking for one car and a gated driveway leading to the rear. At the rear is a garden including a paved area large enough to park 4 cars.
Full management is in place which can continue if necessary.
All rooms are let and the rents are:
Room 1 £475 pcm - £5,700 pa
Room 2 £475 pcm - £5,700 pa
Room 3 £375 pcm - £4,500 pa
Room 4 £375 pcm - £4,500 pa
Room 5 £375 pcm - £4,500 pa
Room 6 £485 pcm - £5,820 pa
Total Gross Income: £2560 pcm - £30,720 pa.
Viewing strongly recommended to fully appreciate the size and potential of the property.
D
Freehold
For sale by online auction on 25th July 2023
Bidding opens at 10:00am and closes at 12:00 noon
12% yield based on this guide price
6 bed HMO
Fully let
£30,720 per annum
Plenty of off road parking
Ideal investment opportunity
Plus Fees
A
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
By subscribing here you agree to receive relevant emails, news and updates from Town & Country Property Auctions. You can unsubscribe at any time.
No fuss, fast & free*
Town and Country offer a free selling service to a growing number of people choosing to sell their property quickly and easily through auction.
*Contact individual regions for cost
How to bid
Our buying at auction guide will help you throughout the process providing you with guidance to confidently secure your purchase.