Map5 bedroom semi-detached house for sale
Key information
Features and description
- Tenure: Freehold
- Modern Method Of Auction T & C's Apply
- Reservation Fee Payable
- 5 Bedroom HMO, Rear Garden
- Investment Opportunity
- £22,620 Potential Gross Yield
- Council Approved And Correctly Licenced
- Spacious Rooms, Kitchen
- Sold With Tenants In Situ
- EPC Rating E, Council Tax Band C
Modern Method of Auction - T & Cs Apply *FIVE BED HMO*
Pygott and Crone are delighted to market this brilliant investment HMO located within the heart of Boston Town Centre generating a potential gross annual income of £22,620.
The accommodation internally briefly comprises: Entrance Hall, two Double Bedrooms, Lounge Diner, Kitchen Shower Room and Guest Bedroom to the Ground Floor. To the first floor there are two further Double Bedrooms, a Single Bedroom and a shower Room.
To the rear a garden can be found.
Agent's Note:- We have been advised by the current owner that £110 is being achieved for Bedroom 1, Bedrooms 2-4 are rented out for £85 and Bedroom 5 is rented out for £70.
Further information available on request.
Rooms
BUYING CONDITIONS
This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, Iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
BUYERS INFORMATION PACK
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Entrance Porch
Hall
Living Room Diner
3.81m x 3.18m - 12'6" x 10'5"
Kitchen
3.28m x 3.02m - 10'9" x 9'11"
Downstairs Shower Room
1.65m x 1.42m - 5'5" x 4'8"
Unassigned
3.84m x 2.74m - 12'7" x 8'12"
Bedroom 3
4.29m x 3.94m - 14'1" x 12'11"
4.29m x 3.94m
into bay x max
Bedroom 4
4.22m x 3.35m - 13'10" x 10'12"
First Floor Landing
Bedroom 1
5.21m x 3.58m - 17'1" x 11'9"
Bedroom 2
4.24m x 3.43m - 13'11" x 11'3"
Bedroom 5
4.34m x 1.98m - 14'3" x 6'6"
Shower Room
3.02m x 2.08m - 9'11" x 6'10"
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