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Guide price
£290,000

5 bedroom semi-detached house for sale

Nelson Street, Broughton, Salford
Virtual tour
Auction
Semi-detached house
5 beds
2 baths
1,679 sq ft / 156 sq m
EPC rating: D
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Freehold
  • 8 week exchange
  • Semi detached house
  • 5/6 bedrooms
  • Investment Potential
  • Vacant freehold

Video tours

A fantastic opportunity for improvement or letting investment. A vacant 5/6 bedroom semi-detached house with HMO license, located in a popular residential area close to the town centre. Externally the property enjoys a large front garden and rear enclosed yard. An estimated rent of £3,000 - £3,600 PCM depending on condition and occupancy, gross yield gross yield 12.4% - 14.9% PAX.

Our client does not hold a certificate of lawfulness but has confirmed that the property was converted and used as a HMO prior to the enactment of the Article 4 Direction on the 25 November 2018. Therefore, the use of the property as Class C4 small HMO was enacted in accordance with permitted development rights and is therefore the lawful use. A copy of the HMO license dated 2011 - 2016 and 2017 - 2022 can be found in the legal pack.

Rooms

Auction
To be sold by online auction (conditional) on Tuesday 17th December 2024 with an 8 WEEK EXCHANGE, bidding will open at 10.00.

To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Reservation Deposit
The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Deposit of 2.4% of the sale price subject to a minimum of 6,000 to the Auctioneer in return for the grant of the Exclusivity Period. The Reservation Deposit forms part of the purchase price for the property.

Exclusivity Period
Exclusivity Period means the period of 56 days from the date the Reservation Deposit is received by the Auctioneer, during which the Buyer and Seller will endeavour to exchange Contracts for the Transaction. Full details and a sample copy of the Reservation Agreement and Terms and Conditions are available in the Legal Pack.

Additional fees
Please ensure that you check the Legal Pack for each lot that you are interested in, prior to bidding. Paid in addition to the purchase price on completion, the Buyer shall reimburse the Seller's solicitors in respect of disbursements incurred in obtaining the Local Search results, Drainage search results and Environmental search results £396.00, and the sellers auction fees relating to the sale charged at 2.4% inc VAT.

Legal Pack
Legal Pack is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are on the basis of the Reservation Agreement and Terms and Conditions.

EPC rating
D

Tenure
Freehold with vacant possession.

Council tax band
A - Salford

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About this agent

First for Auctions - National
First for Auctions - National
23 Market Place Wokingham RG40 1AP
01344 527052
Full profileProperty listings
Buy or sell property quickly with our monthly online property auctions. The experienced team has over 20 years experience helping people to sell their property or land at auction. Online property auctions offer one of the fastest, transparent, and effective ways to sell your property. First for Auctions has a dedicated website for customers who may benefit from buying or selling property at auction to browse and bid on property lots, as well as read our specific auctions advice. With all of our auctions taking place online, we are able to offer these services across the country. Our experienced team are committed to providing the highest level of customer service. If you need any help with buying or selling property at auction now or in the future, just ask.
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