10 Newington Road Kingsthorpe, Northampton, Northamptonshire, NN2 7TF

  • Conditional Online Auction Sale
  • Guide Price* : £145,000 Plus Fees

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Miltons Independent Sales and Lettings


  • Mid Terrace Property
  • Currently a 4 Bedroom
  • Lounge with Original Fireplace
  • In Need of Some Renovation
  • Enclose Rear Garden

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Miltons Independent Sales and Lettings


Four Bedroom HMO

Miltons Estate Agents are delighted to offer for sale this investment opportunity.

For sale requiring some updating you have the chance to purchase an investment house of multiple occupancy or a beautiful 3/4 bedroom family home YOU DECIDE. The rental income dependent on the standard of the refurbishment and let as an HMO in our opinion could yield upwards of 9.5%

The house has been let as a 4 bed shared house, let to professionals & students since 2011 and has a current HMO Licence in the current owners name.
Previous income was 4 rooms sharing a kitchen, let inclusive of all bills bringing an income of around £105.00 each room per week.

Ground floor living room with feature ornamental fire place leads into the fitted kitchen where a door leads out into the garden. The first double bedroom is located to the front of the property. Stairs lead up to the first floor with doors off to all three double bedrooms including the bathroom recently re fitted with a shower.

We are specialists in HMO accommodation and are in an ideal position to re let the property to professionals or students. Don't hesitate to call the Miltons team to view on 01604 936000


Tenure
See Legal Pack

*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also know as a Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms which is available to download on our website, www.sdlauctions.co.uk.


Viewing Details

By arrangement with the auctioneer 0345 319 2162 or can be booked online www.sdlauctions.co.uk/online-auctions


Energy Performance Certificates

EPCs can be viewed in the Related Documents section on our website or in the legal pack.


Auction Type: Conditional with Reservation Fee

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online -auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and will have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period, the seller is not able to accept other offers.

The sale of this lot is subject to a reservation fee of 4.8% including VAT or 4.2% including VAT in London, subject to a minimum of £6,000 including VAT. This does not contribute towards the purchase price and is payable on the fall of the hammer.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.

By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.


Joint Agent

Miltons Independent Sales & Letting



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Joint Agent

For viewings please contact:
Miltons Independent Sales & Letting
01604 936000
info@miltonsestateagent.com

Legal Documents

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