Sold after auction for an undisclosed amountGuide Price = £220,000+
*For Sale By Online PublicAuction 17th April 2024 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Second Floor Four Bedroom Licensed HMO Producing £29,940 Per Annum (Reflecting a Gross Initial Yield of 13.6%)
Tenure Leasehold. The property is held on a 125 year lease from 1st January 2019 (thus approximately 119 years unexpired).
Location The property is situated on a residential road close to local shops and amenities. The open spaces of Oakwood Park are within easy reach. Transport links are provided by Southgate underground station (Piccadilly line) and Winchmore Hill rail station.
Description The property comprises a second floor four bedroom licensed HMO situated within a mid terrace building arranged over ground and two upper floors.
Accommodation Second Floor Communal Kitchen Communal Bathroom
Accommodation Note EPC Rating D
Viewing Schedule (No Booking Required)
Wednesday 3 April 2024 4:00 PM - 16:30 Friday 5 April 2024 4:00 PM - 16:30 Tuesday 9 April 2024 4:00 PM - 16:30 Thursday 11 April 2024 4:00 PM - 16:30 Monday 15 April 2024 4:00 PM - 16:30
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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