5 bedroom house share

Description

*BEING SOLD VIA THE MODERN METHOD OF AUCTION* Located at this convenient address close to town centre shops and local amenities, this large MID TERRACED property is ideal as both an INVESTMENT OPPORTUNITY or as a FAMILY HOME. The property currently offers FIVE SELF-CONTAINED BED-SITS, each with their own KITCHENETTE and EN-SUITE SHOWER ROOMS, and additional COMMUNAL KITCHEN DINER and REAR GARDEN. Having been recently RE-DECORATED THROUGHOUT, the property is READY TO LET straightaway. Internal inspection is essential to fully appreciate this rare opportunity. +PLEASE SEE ATTACHED CORRESPONDENCE FROM DUDLEY COUNCIL REGARDING H.M.O. LICENCES+

Entrance Hall

Bedroom One - 3.31 x 3.45

En Suite Shower Room - 1.98 x 0.94

Bedroom Two - 3.75 x 2.62

En Suite Shower Room - 1.83 x 0.91

Communal Kitchen Diner - 3.56 x 3.43

First Floor Landing

Bedroom Three - 3.70 x 2.60

En Suite Shower Room - 1.30 x 1.68

Bedroom Four - 3.58 x 2.71

En Suite Shower Room - 1.60 x 0.99

Bedroom Five - 3.27 x 3.29

En Suite Shower Room - 1.53 x 0.99

Communal Rear Garden

Dudley Council H.M.O. Advice

The property would require a HMO Licence if housing 5 persons. Our HMO Licences are not transferable so upon the sale of the property any new owners wishing to operate the property as a HMO (of 5 or more persons) would require a licence which can be applied for at

There may be some questions over the article 4 declaration introduced in 2023. The intention of this declaration was to remove the permitted development exceptions and the ability for property owners to convert houses (Use Class C3) to small HMO’s for up to 6 people (Use Class C4) without the need for planning permission. If the property conversion had previously happened and the property has been operated as a HMO before the article 4 introduction date evidence of this can be submitted with the HMO Licence Application to show that the property does not require planning permission. This evidence could be previous tenancy agreements, bank statements showing multiple rental incomes or previous council tax bills. If however you or any new owners would like a more formal document showing this information, you could apply for a Lawful Development Certificate, as this provides the planning system the possibility of granting a statutory document confirming that an existing/proposed use, operation or activity of a building or site named in it is lawful for planning control purposes.

Further information can be found at  

Modern Method of Sale Conditions

This property is for sale by the Modern Method of Auction, starting bid of £158,000 plus reservation fee. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance. 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 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 will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

EPC Rating

E -

Tenure

We understand that the property is FREEHOLD. You should ask your legal adviser to verify this.

Council Tax

Council Tax Band: A

Local Authority: Dudley MBC

Services

We understand that the property is connected to mains electricity, gas, water and drainage. This should be verified by your legal adviser and/or surveyor. We have not conducted any tests of these services.

Broadband

According to Ofcom, there is standard, superfast and ultrafast broadband available in the area.

Mobile Signal/Coverage

According to Ofcom, mobile coverage is 'likely' available indoors and outdoors on all four main networks (EE, Three, O2 and Vodafone).

Restrictions and Rights

We are not aware of any restrictions. This should be verified by your legal adviser.

Flood Risk

According to the Environment Agency and Lead Local Flood Authorities, the  property is not in an area that is vulnerable to flooding.

Coal Mining

The property is inside a Coal Mining Area. We are not aware of any issues affecting the property.

Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

It is a legal requirement for estate agency businesses to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. To do this, we must undertake robust biometric ID verification, PEP and sanctions checks on any successful purchasers upon offer acceptance. The cost of this service is £30.00 per individually named purchaser. This cost is non-refundable and is paid to our third-party supplier by the successful purchaser. The check must be completed and recorded as satisfactory before issuing sale notifications.

Referral Fees

Please visit our website for details of referral fees that we may receive from our referral partners.