- Sale by Modern Auction (T&Cs apply) +
- Subject to an undisclosed Reserve Price +
- Buyers fees apply +
- Nine Bedrooms +
- Two Bathrooms & Two En-Suites +
- Two Kitchens +
- HMO Investment Opportunity +
- Close to De Montfort University +
SUMMARY
A nine bedroom HMO-style terraced house on Ashleigh Road in Westcotes, Leicester. This investment property has the potential to generate around £48,000 per annum in rental income, with a gross rental yield of approximately 9%. Close to local amenities and De Montfort University.
DESCRIPTION
We are pleased to present this nine bedroom HMO-style terraced house located on Ashleigh Road in the Westcotes area, just off Narborough Road. This property represents a fantastic investment opportunity, with the potential to generate approximately £48,000 per annum in rental income, resulting in a gross rental yield of around 9%.
The layout of the property is practical and well-suited for HMO use. The ground floor features two bedrooms, a bathroom, and a lounge, kitchen/diner along with an additional kitchen, both of which have wall and base units for ample storage and workspace. The first floor consists of five bedrooms and another bathroom, while the second floor includes two bedrooms, each with en-suite facilities.
The property's location is a significant advantage, situated close to Narborough Road, which offers easy access to local shops, supermarkets, gyms, major transport routes and De Montfort University. This makes it an attractive option for students and professionals alike.
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 no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. 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.
Entrance Hall
Door to the front.
W C
With WC.
Lounge 17' 5" x 11' 6" ( 5.31m x 3.51m )
Two windows to the side and two radiators.
Kitchen/Diner One 15' 9" x 9' 9" ( 4.80m x 2.97m )
Fitted kitchen comprising of wall and base units with work surfaces over, sink drainer unit, integrated double oven and hob. Two windows to the rear.
Kitchen Two 12' 8" x 4' 11" ( 3.86m x 1.50m )
Two windows to the rear and side, integrated oven and hob.
Bedroom One 13' 5" x 12' 9" ( 4.09m x 3.89m )
With window and radiator.
Bedroom Two 11' 4" x 11' 2" ( 3.45m x 3.40m )
With window and radiator.
Bathroom
First Floor Landing
With stairs rising from the ground floor.
Bedroom Three 14' 10" x 8' 4" ( 4.52m x 2.54m )
With window and radiator.
Bedroom Four 15' 8" x 7' 8" ( 4.78m x 2.34m )
With window and radiator.
Bedroom Five 15' 8" x 7' 5" ( 4.78m x 2.26m )
With window and radiator.
Bedroom Six 19' 2" x 12' 11" ( 5.84m x 3.94m )
With window and radiator.
Bedroom Seven 13' 4" x 12' 11" ( 4.06m x 3.94m )
With window and radiator.
Bathroom
Second Floor Landing
With stairs rising from the first floor.
Bedroom Eight 13' x 10' 4" ( 3.96m x 3.15m )
With window and radiator.
En-Suite
Bedroom Nine 13' x 10' 4" ( 3.96m x 3.15m )
With window and radiator.
En-Suite
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.