Listed for £430,000
May 22, 2024
Sold for £71,500
1998
Sale by Modern Auction (T&Cs apply) +
Subject to an undisclosed Reserve Price +
Buyers fees apply +
SEMI DETACHED +
EIGHT BEDROOM HMO +
LOUNGE +
KITCHEN +
THREE BATHROOMS +
SUMMARY
*SEMI DETACHED*EIGHT BEDROOM HMO (with license)*LOUNGE*DINING ROOM***KITCHEN***THREE BATHROOMS***LARGE DRIVEWAY***REAR GARDEN***
DESCRIPTION
Ideal Investment Opportunity: Spacious 8-Bedroom Semi-Detached HMO
Introducing a prime investment opportunity, this expansive semi-detached property offers exceptional potential for discerning investors. Currently operating as a licensed House in Multiple Occupation (HMO), this property features a generous layout with eight bedrooms and three bathrooms, making it an ideal choice for rental income.
The ground floor welcomes you with an entrance hallway, well-appointed kitchen, designed to cater to multiple occupants, alongside a spacious dining room perfect for communal meals and socialising. This level also includes two shower rooms, a separate WC, and three sizeable bedrooms, ensuring ample living space for tenants.
The first floor continues to impress with five additional bedrooms, each providing a comfortable and private retreat. The thoughtful layout maximize' the use of space, offering a harmonious blend of shared and private areas that cater to the needs of a diverse tenant base.
Outside, the property boasts a large block-paved driveway, offering ample parking for residents and visitors alike. The expansive garden provides an attractive outdoor space for relaxation and recreation
With its prime location and proven rental income, this spacious property is an ideal investment opportunity. Whether you are looking to expand your property portfolio or enter the rental market, this HMO offers a robust foundation for long-term financial growth.
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Approach
Large block paved driveway, access to the rear garden, door into
Porch
Ceiling Light point, door into
Entance Hall
Stairs to the first floor, radiator, doors to
Bedroom One(unable To Measure)
Double gazed bay window to the front, Rad, ceiling light point
Bedroom Two(unable to measure)
Patio doors to the rear, ceiling light point, radiator
Bedroom Six 8' x 14' ( 2.44m x 4.27m )
Double glazed window to front, ceiling light and laminate flooring.
Dining Room 7' 6" x 15' 1" ( 2.29m x 4.60m )
Two ceiling lights, central heating radiator, boiler, carpet and opening to kitchen.
Kitchen 11' 1" x 16' ( 3.38m x 4.88m )
Double glazed window to rear, two ceiling lights, wall and base units, freestanding double oven, washer/dryer, space for fridge/freezer, tiled floor.
Ground Floor Shower Room
Double glazed window to side, shower, wc and sink.
Shower Room
Low level wc and shower
Wc
Low level wc and wash hand basin
Landing
Double glazed window to side, ceiling light and carpet.
Bedroom Three 11' 5" x 14' 11" ( 3.48m x 4.55m )
Double glazed window to rear (broken window), ceiling light, central heating radiator and laminate floor.
Bedroom Four 14' 6" max into bay x 11' 8" ( 4.42m max into bay x 3.56m )
Double glazed bay window to front and two double glazed windows to side, central heating radiator and laminate flooring.
Bedroom Five(unable To Measure
Double Glazed window to the front, ceiling light point, radiator
Bedroom Seven 7' 3" x 11' 11" ( 2.21m x 3.63m )
Double glazed window to rear, ceiling light and central heating radiator.
Bedroom Eight 7' 6" x 10' 11" ( 2.29m x 3.33m )
Double glazed windows to side and rear, ceiling light, loft access, central heating radiator and laminate flooring.
Rear Garden
Good size rear garden with lawn and side access.
Agent Note
The Council Tax Band is D.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
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