ATTENTION INVESTORS. This well presented HMO property is currently let @ £394 per room/per calendar month until June 2024, returning an impressive £28,368 per annum. The property boasts six double bedrooms over three floors, supported by five bath/shower rooms (four of which are ensuite) and a spacious and modern, communal living room and kitchen. The property enjoys the perfect setting for the student market, just off the lower section of Ecclesall Road, close to the Collegiate Campus, superb shops and transport links into town. and is available with no onward chain.
*Please note we have received information regarding pending legal action due to a land registry discrepancy. Please review the legal pack and make yourself familiar before bidding.*
*This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/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. These services are optional.*
Description - This well presented HMO property is currently let @ £394 per room/per calendar month until June 2024, returning an impressive £28'368 per annum. The property boasts six double bedrooms over three floors, supported by five bath/shower rooms (four of which are ensuite) and a spacious and modern, communal living room and kitchen. The property enjoys the perfect setting for the student market, just off the lower section of Ecclesall Road, close to the Collegiate Campus, superb shops and transport links into town. and is available with no onward chain.
*Please note we have received information regarding pending legal action due to a land registry discrepancy. Please review the legal pack and make yourself familiar before bidding.* Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/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. These services are optional.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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