6 bed House for Sale

• For Sale by Auction
• 6-Bed HMO
• All En-suite
• Annual Rent of £71,400
• 1260 sq ft / 117 sq m
• 2 Kitchens
• Private Garden
• Potential for Extension STPP

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £585,000

This property will be legally prepared, enabling an interested buyer to secure the purchase immediately once their bid/offer has been accepted. The process is transparent and designed to provide speed, security and certainty for all parties.

Auction Sale – 6-Bed HMO with Strong Income & Potential

An excellent opportunity to purchase a spacious six-bedroom semi-detached house, offered for sale by auction and currently set up as a licensed HMO.

The property measures approximately 1,260 sq ft (117 sq m) and is arranged to maximise rental income, with six good-sized bedrooms, each with its own private en-suite. There are also two kitchens, making it practical and convenient for tenants, and the property is currently generating around £71,400 per year in rent.

The size and layout also give the property good potential for further improvement or extension in the future (subject to the usual planning permissions), which could increase both its value and rental return.

To the rear, there is a private garden providing useful outdoor space for tenants. It is easily accessed from the house and offers plenty of room for seating or general use.

The property is well located with good transport links nearby, as well as a range of local shops and amenities within easy reach, helping to ensure consistent tenant demand.

Overall, this is a solid investment opportunity with a strong income already in place and scope to add further value over time.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agent or via The Auctioneer’s website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedures are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of £6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.