- Five Bedroom Mid Terrace House +
- HMO Property +
- Superb Location, Close To Universities +
- Fully Let For Current Academic Year +
- Excellent Transport Links +
Guide Price: £300,000 - £315,000
Situated in the heart of Crookes with no onward chain is this deceptively spacious five bedroom mid terrace property. Currently let for the current academic year, the HMO licence will be extended for a further five years and has an approximate income of £23,660 per annum, representing an 7.8% gross yield.
In its current layout, the property features a communal lounge/dining room with an off-shot fitted kitchen on the ground floor. The bedrooms are all good sizes and split across three levels, with plenty of space for fitted or stand-alone furniture. You also have the flexibility of two first floor showers rooms. To the rear is a mature garden with lawn and a separate courtyard area.
Crookes is an incredibly popular suburb with a wide range of local shops, bars & restaurants. It’s a great spot for those looking to locate close to the city’s hospitals & universities and transport links are excellent.
Energy Rating - D. Tenure - Freehold.
REDBRIK SECUREMOVE™ - IMPORTANT PLEASE READ:
Redbrik is marketing this Property with the benefit of Redbrik SecureMove™. Redbrik has introduced SecureMove™ to help speed up the sales process, minimise sale fall-throughs and give more certainty to both the Seller and the Buyer.
Purchasers will benefit from the Buyer Information Pack (BIP), which we have created with our legal partners, to give buyers more information before they agree to purchase.
The pack includes:
Property Information Questionnaire (PIQ - a summary of the TA6)
TA10 (Fittings and Contents)
Official Copy of the Register
Title Plan
Local Search*
Water and Drainage Search*
Coal and Mining Search*
Environmental Search*
(Redbrik has ordered the local, drainage, coal and environmental searches; we will add these to the BIP as they become available)
Redbrik SecureMove™ allows the sale process to be completed significantly quicker than a ‘normal sale’. This is because the legal work, usually done in the first four to eight weeks after the sale is agreed, has already been completed. The searches, which can take up to five weeks, are ordered on the day the listing goes live and are transferable to the successful Buyer as part of their legal due diligence.
Additionally, and on behalf of the Seller, Redbrik requests that the successful Buyer enters into a Reservation Agreement and pays the Reservation Agreement Fee of £595 (including VAT). This includes payment for the Buyer Information Pack and all the searches (which a buyer typically purchases separately after the sale is agreed).
Upon receipt of the signed Reservation Agreement, payment of the Reservation Agreement Fee, completion of ID and AML checks and the issuing of the Memorandum of Sale, the Seller will agree to take the Property off the market and market it as Sold Subject To Contract (SSTC).
During the Reservation Agreement period, the Seller will reject all offers and not enter into another agreement with any other buyer. The reservation period is agreed upon at the time of sale but is usually between 60 and 120 days.
The Reservation Fee is non-refundable except where the Seller withdraws from the sale. A copy of the Reservation Agreement is available on request, and Redbrik advises potential buyers to seek legal advice before entering into the Reservation Agreement.
If you have any questions about the process or want to know how selling or buying with Redbrik SecureMove™ could benefit you, please speak to a member of the Redbrik team.
EPC Rating: D