HMO LICENSED PROPERTY!! Currently offering four bedsits with shared bathroom and one bedroom self-contained basement flat with garden. The current owners have informed us the monthly income comes to £1,898 per calendar months with all rooms & flat filled. An early viewing is advised to avoid disappointment, IDEAL INVESTMENT OPPORTUNITY!!
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 DAYS in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance. Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of:
Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.
Entrance Via steps leading to main communal front door with stairs to first floor landing, laminate flooring, built-in understairs cupboard housing plumbing for washing machine and cupboard housing metre. Room One 12' 8" max into recess x 12' 8" ( 3.86m max into recess x 3.86m ) Secondary glazed window to front, wall-mounted wash hand basin, single sink/drainer unit with cupboards above and below work top surfacing, laminate flooring, gas fire place (not connected) and gas cooker point. Room Two 12' x 10' 9" ( 3.66m x 3.28m ) Window to rear, single sink/drainer unit with cupboards below, gas cooker point, space for fridge, wall-mounted was hand basin. Bathroom Three piece suite comprising a paneled bath, low level W.C, pedestal wash hand basin, space for tumble dryer, built-in shelved cupboard, wall mounted extractor fan, tiling to walls, double glazed pattered window to side and laminated flooring. Stairs Rising to first floor split-level landing, double glazed window to rear and loft access. Room Three 12' 3" x 10' 9" ( 3.73m x 3.28m ) Double glazed window to rear, wall mounted wash hand basin, single sink drainer unit with cupboards over, gas cooker point, space for fridge with worktop surfacing over, laminated flooring and electric wall heater. Room Four 16' 4" max into recess x 12' 9" ( 4.98m max into recess x 3.89m ) Secondary glazed window to front, electric heater, single sink drainer with cupboards above and below, space for fridge, gas cooker point, laminate flooring. Basement Flat Accessed via steps leading down to basement with personal front door. Entrance Hall Entrance via personal door to entrance hall. Door to :- Lounge 12' 6" x 12' 3" ( 3.81m x 3.73m ) Window to front and radiator. Bedroom 12' 1" x 10' 6" ( 3.68m x 3.20m ) Double glazed window to rear and radiator. Kitchen 10' x 7' 1" ( 3.05m x 2.16m ) Fitted kitchen suite comprising single sink/drainer unit, built-in cupboards above and below, worktop surfacing, wall mounted boiler, gas cooker point, double glazed window to side and ceramic tiled floor. Door to :- Inner Hallway Ceramic tiled floor, door to shower room, radiator and double glazed door to garden. Shower Room Pedestal wash hand basin, built-in single shower cubicle, low level W.C, double glazed window to rear and radiator. Rear Garden A mixture of wall and fence borders with bedded area and concrete patio area.
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This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.
Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.
A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.
This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.
A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.
If the Buyer Information Pack Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £200.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 020 3859 2499.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.