5 bedroom end of terrace house for sale

FOR SALE BY LIVESTREAM AUCTION - 18th December 2024
5 Bed HMO offering 12%+ gross annual yield when fully let.

With 4 of the 5 available rooms let this is a high yielding established HMO currently producing £34,620 per annum with potential for £44,220 per annum when fully let representing a gross annual yield of circa 12%.

This is a two storey Victorian bay fronted end of terrace house, situated on a corner site at the junction of and has a courtyard style rear garden with access from Sherbourne Street.

The house is arranged as a 5 bedroom House in Multiple Occupation (HMO). The accommodation briefly comprises two self contained studio/bedsits and communal kitchen on the ground floor with 3 bedrooms and a bathroom on the first floor. .

The property offer opportunity for further development and benefits from historic planning permission to convert into 2 self contained flats.

Location • Corner plot - junction of Beaufort Road and Sherbourne Street
• Opposite Avon View Cemetery
• Nearby Lawrence Hill train station provides a local link to Bristol Temple Meads
• Local amenities available on Church Road (the A420) a short walk away.
• Opposite Avon Valley Conservation Area
• Article 4 controlled area
Accommodation Overall gross internal area approximately 112 m2.
Ground Floor Entrance Hall: Front door and door to side aspect. Staircase rising to first floor.

Studio/Bedsit One: (Front) 4.35m into bay x 4.71m Comprising a bedsit room with kitchenette with inset sink and hob. En Suite Shower Room: (included in room measurements).


Studio/bedsit Two: (Rear) 4.35m x 3.68m Bedsit room with kitchenette comprising sink with hob. En Suite Shower Room: (excluded in room measurements).

Kitchen: (Rear) 3.36m x 2.65m Modern wall and floor units, built in oven and hob. Cupboard with wall hung gas fired combination boiler.
First Floor ‘L’ Shaped Landing:
Room Three: (Front) 4.42m x 3.54m
Room Four: (Rear) 2.97m x 4.41m
Room Five: (Front) 3.50m x 2.24m
Bathroom: (Rear & Side) Suite of wc, wash hand basin, bath and separate shower enclosure.
Outside On the outside there is a rear garden approximately 7.6m x 5m level and laid in a courtyard style with vehicular access to Sherbourne Street.
Tenancy Details Studio/bedsit 1: Vacant.
Studio/bedsit 2: Let at £800 pcm from 12/05/2023. Periodic.
Room 3: Let at £695 pcm. 12 month AST from 12/01/2024.
Room 4: Let at £695 pcm. 12 month AST from 19/01/2024.
Room 5: Let at £695 pcm. 12 month AST from 17/05/2024.

Total rent received £34,620 per annum based on 4 let rooms.
Planning History Conversion of existing single dwellinghouse to 2 no. self-contained flats.
Ref. No: 05/00206/F | Status: GRANTED subject to condition(s)

Erection of a two storey building to provide a one bedroom maisonette.
Ref. No: 19/02858/F | Status: Application REFUSED
Viewings A schedule of open house viewings will be released shortly. Please contact us to book in.
Legal Pack The legal pack is a bundle of information, specific to this property which will include, but not limited to:

• Official Copy of Register of Title (Office Copy Entry)
• Local Authority Search
• Coal Mining Search
• Water & Drainage
• Environmental search
• Special Conditions of Sale
• Property Information Form
• Fixtures and Fittings Form

We recommend all elements of the legal pack are reviewed by your and your conveyancer before bidding. You are deemed to bid in full knowledge of the contents of the legal pack whether you have reviewed it or not.

Your attention is drawn to the Special Conditions of Sale within the Legal Pack, which detail other charges in addition to the sale price which you may be liable for. These costs may include, but not limited to, Search Fees, reimbursement of Sellers costs and Legal Fees as well as Transfer Costs.

The Legal Pack is available to download, free of charge, via the City and Rural Property Auctions website. By registering for Legal Pack you will be kept up to date of any changes that may occur in the build up to the auction.
Bidders Registration closes on 17th December 2024 You must register to bid to take part in the auction. Registering to bid is very simple, you must visit the City and Rural Property Auctions Website and click on the register to bid button (this feature is not available on ( ... ) or ( ... )).
Step 1 – complete the online bidding form (this is the same form if you wish to do telephone or proxy bidding).
Step 2 – Upload your ID and Proof of Address
Step 3 - Pay your security deposit of £6,500 (this places a hold on your debit card and no money will leave your account unless you are the successful purchaser).
Step 4 – you will receive a confirmation email you are ready to bid.

Good luck at the auction! Any outstand deposit balance must be transferred to us within 24 hours of the auction. If you are unsuccessful at the auction the hold on your debit card will be cancelled within 24 hours of the auction, although the exact date will be determined by the issuing bank.
Morgages and Bridging Finance There is finance available for virtually every lot, whether that’s a from a high street mortgage lender or from a short-term bridging finance company.  We have a team of specialist auction third party mortgage brokers and finance providers that know the ins and outs of auctions, particularly the timescales required to complete, that are on hand to help.  Please contact City and Rural Property Auctions for further details.  Please note we may receive introductory fees from the broker for this service.

Tenure: Freehold

EPC Rating: D

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

Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.

Consumer Protection Regulations 2008
City & Rural Property Auctions endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.

Anti Money Laundering Regulations.
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.