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Summary
This five bedroom three storey HMO is a perfect investment opportunity with five en-suites, a spacious kitchen dining room and is within walking distance to the city centre. The property is available with no onward chain with rental potential of £110-£120 per week generating over £28,000 per annum.
Description
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.
Entrance Hall
With a side facing exterior door, stairs which rise to the first floor and access to the communal kitchen dining room and bedroom one.
Communal Kitchen Dining Room 23' 6" x 9' 6" ( 7.16m x 2.90m )
With a side facing bay fronted double glazed window, a rear facing double glazed window and a rear door providing access to the garden. Fitted with a range of high gloss wall and base units with coordinating work surfaces housing the sink and drainer with mixer tap. The kitchen has an electric hob with cooker hood above, plumbing for a washing machine and dryer, space for a fridge and freezer and a wall mounted boiler. There is complimentary splashback tiling, a central heating radiator, partial laminate flooring to the dining area and access to the cellar.
Bedroom One 13' 3" plus bay x 15' 9" max ( 4.04m plus bay x 4.80m max )
With a side facing double glazed bay window and a front facing double glazed bay window providing an abundance of natural light. There is a central heating radiator and access to the en-suite shower room.
En-Suite Shower Room
Fitted with a low flush WC, a wash hand basin, an electric enclosed shower and a central heating radiator.
First Floor Landing
There is a side facing double glazed window.
Bedroom Two 10' 8" x 12' 6" max ( 3.25m x 3.81m max )
With a front facing double glazed window, a central heating radiator and access to the en-suite shower room.
En-Suite Shower Room
Fitted with a WC, a wash hand basin, a corner shower and a heated towel rail.
Bedroom Three 11' 6" max x 12' ( 3.51m max x 3.66m )
With a side facing double glazed window, a central heating radiator and a kitchen/dressing area.
Dressing Area 7' 11" x 5' 2" ( 2.41m x 1.57m )
There is access to the en-suite shower room.
En-Suite Shower Room
Fitted with a low flush WC, a wash hand basin, a corner shower cubicle, a central heating radiator and a rear facing obscure double glazed window.
Second Floor Landing
Bedroom Four 13' 3" max x 10' ( 4.04m max x 3.05m )
With a front facing double glazed window, a central heating radiator and access to the en-suite shower room.
En-Suite Shower Room
Fitted with a WC, a wash hand basin, a shower and a central heating radiator.
Bedroom Five 11' 11" x 10' 3" max ( 3.63m x 3.12m max )
With a skylight window, a side facing double glazed window, a central heating radiator and access to the en-suite shower room.
En-Suite Shower Room
Fitted with a low flush WC, a wash hand basin, a corner shower cubicle and a central heating radiator.
Outside
To the rear of the property there is a courtyard style rear garden.
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.

- Sale by Modern Auction (T&Cs apply)
- Subject to an undisclosed Reserve Price
- Buyers fees apply
- Priced to sell
- Five bedroom HMO with five en-suites
- Spacious kitchen dining room
- Modern and contemporary throughout
- Rental potential of £110-£120 per week when fully occupied generating over £28,000 per annum