A substantial freehold detached property located a short distance from Maidstone town centre with its wide range of local amenities, including national and local retailers, schools, supermarkets and railway stations.
The property is currently arranged as a HMO generating a current income of £30,600 per annum and four studios generating a current rent of £30,720 per annum. It is thought that the property may offer potential for conversion, subject to all necessary consents being obtainable.
Accommodation Main House - HMO Ground Floor Entrance hall, bedroom one with kitchenette, bedroom two, separate W.C, two shower rooms, bedroom three and bedroom four.
First Floor Bedroom five, bathroom with W.C., bedroom six, bedroom seven with kitchenette and bedroom eight with kitchenette.
Tenancies Ground Floor Bedroom 1 - currently vacant. Bedroom 2 - currently let on an Assured Shorthold Tenancy Agreement at a current rental of £480 per month. Bedroom 3 - currently vacant. Bedroom 4 - currently let on an Assured Shorthold Tenancy Agreement at a current rental of £510 per month.
First Floor Bedroom 5 - currently let on an Assured Shorthold Tenancy Agreement at a current rental of £110 per week. Bedroom 6 - currently vacant. Bedroom 7 - currently let on an Assured Shorthold Tenancy Agreement at a current rental of £130 per week. Bedroom 8 - currently let on an Assured Shorthold Tenancy Agreement at a current rental of £120 per week.
Annexe - Four Studio Flats Ground Floor Flat A Kitchen/bedroom with shower and W.C. Tenancy Currently let on an Assured Shorthold Tenancy Agreement at a current rental of £635 per calendar month. Flat B Kitchen/bedroom with shower and W.C. Tenancy Currently let on an Assured Shorthold Tenancy Agreement at a current rental of £635 per calendar month.
First Floor Flat C Kitchen/bedroom with shower and W.C. Tenancy Currently let on an Assured Shorthold Tenancy Agreement at a current rental of £655 per calendar month.
Flat D Kitchen/bedroom with shower and W.C. Tenancy Currently let on an Assured Shorthold Tenancy Agreement at a current rental of £635 per calendar month.
Outside Carpark to rear.
Council Tax Bands Main Building - E. Each Studio - A.
EPC Ratings Main Building E and Studio Flats to be confirmed.
Residential EPC: E
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
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*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to
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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