9 Bed HMO, Plymouth, PL1 5LT £395,000

• Nine-bedroom terraced house +
• Fully let as HMO +
• Annual income £48,420 +
• Valid HMO licence +
• Neutrally decorated throughout +
• Three well-appointed kitchens +
• Three practical shower rooms +
• EPC rating 'C' +
• Prime location +
• Tranquil garden space +

We are delighted to present for sale this impressive nine-bedroom terraced house. This property boasts an array of unique features, making it an ideal investment opportunity. Currently fully let as a HMO with an attractive annual income of £48,420, and with a valid HMO licence held, it's a ready-made investment for those looking to expand their portfolio.

The property is neutrally decorated throughout, giving potential owners the freedom to add their personal touch. Each of the nine bedrooms is a comfortable double size, providing ample space for tenants. There are three well-appointed kitchens, making for pleasant cooking environments.

The property also benefits from three practical shower rooms, reducing queues at peak times and adding to the overall convenience of this house. The EPC rating is a respectable 'C', reflecting good energy efficiency.

This terraced house is situated in a prime location with excellent public transport links, local amenities, and walking routes, making it highly desirable for potential tenants.

The property falls within council tax band 'C' which is a notable benefit for tenants. For investors, this property presents a unique opportunity to acquire a high-yielding asset with minimal hassle. We urge early viewings to fully appreciate the potential of this substantial property.

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.
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 (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. 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 iam sold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents about 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 iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

MUT240455/2