This property is no longer on the market
5 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- House of multiple occupancy
- Gross annual income of £20,540.04 22.8%
- Extent 1,173 SQFT
- Freehold terrace house
- Fully occupied
- Opposite Sidney Park, Cleethorpes
- 1.1 miles to Cleethorpes railway station
- Auction 27 September 2024
Auctioneer's comments: 'An opportunity to buy a well maintained and fully occupied HMO with a yield of 18.6%, ideal for investors looking for a cash flowing asset.'
Auction date
The property is to be sold by public auction on Friday, 27 September 2024 via a 2-hour online bidding window.
To view
The property can be viewed by booking onto one of the advertised managed block viewings. Once you have registered to bid by setting up your online bidding account, you will be emailed a Calendly link to do this. Each block viewing is strictly 30 minutes, and no ad hoc viewings will be available. In most cases, a video tour will be available.
Description
Five occupied rooms, living room, house of multiple occupancy, terrace house, freehold
Location
Cleethorpes, Grimsby, South Humberside, 1.1 miles to Cleethorpes railway station
Accommodation
Ground floor: room 1, room 2, living room, kitchen, WC
First floor: bathroom, room 3, room 4, room 5
Outside
Front yard, rear garden
EPC rating
E
Tenure
Freehold
Tenancy Rent Schedule
Room 1: £325.00 PCM
Room 2: £325.00 PCM
Room 3: £346.67 PCM
Room 4: £368.33 PCM
Room 5: £346.67 PCM
Local authority and council tax band
North East Lincolnshire Council
Council tax band: A
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 2.5% plus VAT (min. fee of £2,100 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
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Broadband availability and predicted speed: obtained from Ofcom on January 27, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on March 11, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
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: obtained on May 23, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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