64 Sedgley Road West

Ref: Lot 19

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Town & Country Property Auctions London
Town & Country Property Auctions London

Unconditional Lot


UNCONDITIONAL LOT Exchange and administration fee information: (plus fees) Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details). In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.

Description

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.

EPC

D

Tenure

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

Buyers Premium

Plus Fees

Council Tax Band

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.

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