This property is no longer on the market
4 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- FOUR BED HMO
- COMMUNAL AREAS
- CLOSE TO THE UNIVERSITY AND COLLEGE
- VACANT
- POPULAR RENTAL AREA
- POTENTIAL INCOME OF £15,840 PER ANNUM
- POTENTIAL YIELD 14%
ATTENTION INVESTORS!!! Are you looking for a property that is just down the road from the University?!?
This property is a functioning four-bed HMO. with a potential yield of 14%, a great income!
Communal entrance hall, reception area, kitchen, four bedrooms, two shower rooms, and rear courtyard garden.
Potential of income over a 44 week basis of £15,840!
Rooms
Accommodation
Ground Floor
Communal Entrance
Composite double glazed door to the front aspect, power and lighting and fire door leading to the entrance hall.
Hallway 4.54m (max) x 2.39m
Fire door to communal entrance hall, doors off to the two ground floor bedrooms, communal reception area and stairs off to first floor landing. Carpeted flooring.
Bedroom 3.86m (max) x 3.35m
Upvc obscure double glazed to the front aspect, radiator and carpeted flooring.
Bedroom 3.11m x 2.31m (max)
Upvc double glazed window to the rear aspect, radiator and carpeted flooring.
Reception Room 3.59m (max) x 2.40m (max)
Upvc double glazed window to the side aspect, radiator and carpeted flooring.
Kitchen 3.27m x 2.39m
A range of wall and base units with complimentary worksurfaces and a stainless steel sink drainer with mixer tap. Upvc double glazed window to the side aspect, spaces for a cooker with a fitted extractor hood overhead, washing machine and undercounter fridge and freezer. Radiator and cushioned flooring.
First Floor
First Floor Landing 8.25m (max) x 2.39m (max)
Upvc double glazed window to the side aspect, loft access, radiator and carpeted flooring.
Bedroom 3.86m (max) x 3.31m
Upvc double glazed window to the front elevation, radiator and carpeted flooring.
Bedroom 3.29m x 2.40m
Upvc double glazed window to the side elevation, radiator and carpeted flooring.
Shower Room 3.10m (max) x 2.94m
Shower cubicle with mains shower, pedestal wash hand basin and low level WC. Upvc double glazed window to the rear elevation, radiator and cushioned flooring.
Shower Room 1.27m x 0.80m
Shower cubicle with mains shower and cushioned flooring.
Separate WC 1.42m x 1.26m
Upvc double glazed window to the side elevation, pedestal wash hand basin, low level WC and cushioned flooring,
Exterior
Front of Property
On road permitted parking.
Communal Garden
Low maintenance courtyard garden.
Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on request).
Buyers Administration Fee
A buyers administration fee of £960 including VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.
Legal Pack
Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website . Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendors solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.
Viewings
To view this lot, please contact the selling office, alternatively: This property could be listed on our viewing schedule which can be found in the auction catalogue or on our web site.
Addendum
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.
Guide Price
An indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve
The sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Proof of Identity
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.
Disclaimer
Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Places of interest
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*DISCLAIMER
Property reference BJB090203862. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by butters john bee - Hanley.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on December 15, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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