This property is no longer on the market
6 bedroom house
Key information
Property description & features
- Tenure: Leasehold
6 Bed HMO
New 3 Year HMO License
High Yield
Sought After Location
3 Floors
Previous Planning
Tenure Freehold, Council Tax Band B
For Sale by Auction
DESCRIPTION
A great opportunity to purchase this attractive building, converted into 6 a bedroom HMO, located in a sought after road in New Brighton, just a stroll from Tower Promenade. The current owner has just renewed the HMO License to provide 3 years from February 2023. Sold with Freehold tenure the property has 5 double bedrooms and 1 single bedroom. The property is fully Let with 5 rooms at £90pppw and 1 room at £100pppw. This provides a current gross yield of £28,600. The property has previously been granted Planning for the conversion of 2 x self contained flats, providing a potential renovation opportunity for developers (subject to new Planning). Accommodation comprises: Entrance hall, kitchen, communal living/dining room, 2 x bathrooms 5 x double bedrooms, 1 x single bedroom. Outside provides a yard to the rear and on-street parking to the front.
ACCOMMODATION
Building: Communal entrance, 6 bedrooms across three floors, communal lounge/dining room, kitchen, 2 bathrooms.
Outside: Yard to the rear, on-street parking to front.
LOCATION
Egerton Street is located off the main A554 Seabank Road, within walking distance of New Brighton Seafront and close to local schools and all major local infrastructure. Wallasey Village is just 2.5 miles away and the local station is New Brighton, just 830 yards away.
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1500 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
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Property reference AUC230117. 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 Venmore - Auctions.
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Broadband availability and predicted speed: obtained from Ofcom on July 19, 2022
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:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on July 19, 2022
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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 February 7, 2023 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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