Offered for sale via conditional auction - buyer reservation fees apply. Virtual Tour Available Online.
HMO Investment opportunity within this popular area of Fallowfield, with excellent transport links and local amenities. This property currently provides a rental income of £1647 PCM (2022-2023) and is receiving strong interest for 2023-2024 at £1820 PCM. There are four double rooms and one single room.
Upon entering the property, the entrance hall provides access to the first double bedroom, situated to the front of the property and enjoying a bay window.
To the rear of the property, the reception room is well proportioned and lead through the kitchen, which briefly comprises; selection of wall and base units, sink with drainer, oven with hob and space for appliances.
To the first floor, there are a further three double rooms and one comfortable single room which can also be used as additional study/office space.
The white bathroom suite comprises; bath with shower over the top, wash hand basin and WC.
Externally there is walled frontage leading to the entrance, and a rear enclosed courtyard benefitting from a decked seating area.
See our interactive virtual tour online and contact us to arrange viewing!
Tenure - Freehold
Council Tax Band - B
EPC - D
Please note: It has been reported to the agent that Japanese Knotweed has been present within the property boundary or close vicinity.
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 £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 Buyer Information Pack.
Buyer Information Pack
Buyer Information 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.
Additional fees
A buyers charge of £6,000 or 2.4% of the Price for the Property including VAT, whichever is the greater, is payable in addition to the sale price on completion. Please be aware there may be other additional fees, including disbursements contained in the Reservation Agreement payable on completion. Please ensure that you check the Buyer Information Pack for each lot that you are interested in, prior to 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 Buyer Information 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.
Disclaimer
These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
Whether you’re looking to sell or let your property, we can provide you with a free, accurate valuation based on our expert knowledge and the latest trends in your local area.
Call 01344 753120
enquiries@firstforauctions.co.uk
