This property is no longer on the market
6 bedroom house
Key information
Property description & features
An excellent opportunity to acquire a semi-detached house that is an ideal investment opportunity with 6 bedrooms over three floors. Extremely well looked after and boast good sized rooms and well-maintained communal areas such as the kitchen and the lounge, this property benefits from having Victorian characteristic and a homely feel.
Description - Here is an excellent opportunity to acquire a semi-detached house that is an ideal investment opportunity with 6 bedrooms over three floors. Extremely well looked after and boast good sized rooms and well-maintained communal areas such as the kitchen, the lounge and utility area. This property benefits from having Victorian characteristic and a homely feel throughout.
The property is well located near Wolverhampton City Centre, nearby access to transportation links and Wolverhampton University as well as local amenities.
This property is being sold as an HMO (housing multiple occupants) fully occupied with tenants in-situ and an active in date HMO license.
Additional Information
*This property is for Sale by PUBLIC AUCTION!
*Currently rented to students
* Can be rented to working professionals
*Rooms currently achieving £70.00 per week, per room. (Potentially can achieve more in current rental market)
*Currently achieving a Net Profit of £21,840, (Potentially can achieve more in current rental market)
*Tenants pay the bills
*NO COUNCIL TAX as property is currently rented to students
*Achieving over 8% rental yield. (Potentially can achieve more in current rental market)
* ALL rooms are currently let. Contact Bulb Estate Agents for further information on tenancy agreements
BIDDING:
Please visit: underthehammer.com
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide
UNCONDITIONAL AUCTION DETAILS:
Contracts are exchanged immediately at the end of the auction and a 5% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.
Completion will be 8 weeks, which means interested parties can proceed with traditional residential finance.
Every buyer must first create an account at underthehammer.com
Remote bidding facilities are also available, contact the auction office for further details.
Full Terms and Legal Documents are available at underthehammer.com
Property information from this agent
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Property reference 30210530. 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 Bulb Estate Agent - Wolverhampton.
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Broadband availability and predicted speed
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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
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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
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