5 bedroom semi-detached house for sale

VIEW, BID AND BUY! For sale by conditional auction- Starting Bid £170,000 plus Reservation Fee- Terms and Conditions Apply (See Auctioneer Comments for further information).

PREMIUM INVESTMENT OPPOTUNITY

Introducing an exceptional Semi Detached property that has been expertly converted into Five self contained Flats, each designed to offer modern and comfortable living. Every Flat features a contemporary open plan Lounge and Kitchen area, a well proportioned Bedroom and a private Bathroom, creating an attractive layout with consistently strong rental appeal.

The property is fully let to reliable, working tenants on AST periodic agreements, generating £27,000 gross annual income with a 10% YIELD! All tenants pay their own council tax, while the landlord currently covers electricity and water, providing a straightforward and manageable operating structure. With rents presently below local market levels, there is clear potential for uplift, offering investors an opportunity to strengthen yield and enhance long-term asset performance.

*A recent Fire Risk Assessment has identified areas where improvements are required to bring the building fully in line with current regulations, the need for improvements is reflected accordingly in the competitive starting bid. The full Fire Risk Assessment is available for prospective purchasers to review upon request*

VIEWINGS BY APPOINTMENT ONLY*

AUCTIONEER COMMENTS
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Council Tax Band: A
Tenure: Freehold