5 North Holme Court, Northampton, Northamptonshire, NN3 8UX

  • Conditional Online Auction Sale
  • Guide Price* : £245,000

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Focal Point Estates


  • Seven-bedroom HMO licensed
  • Generating a gross annual income of approx £29,400 p/a
  • The property will be sold with furnishings and white goods
  • The property is set over 3 floors
  • EPC Rating D

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Focal Point Estates

Seven Bed HMO Property

FOR THE ATTENTION OF INVESTORS. This seven-bedroom HMO licensed end terraced property is offered for sale, with all 7 professional working tenants in situ. Generating a gross annual income of approximately £29,400 per year. The property will be sold with furnishings and white goods.
The home is offered in a well-kept and well-maintained condition due to Northampton based Focal Point Estates managing it and weekly professional communal cleaning. In brief, the property is set over 3 floors and it comprises of a kitchen/lounge, four piece shower room and bedroom one to the ground floor; second, third and fourth bedrooms with another four piece shower room to the first floor, with the fifth, sixth and seventh bedrooms to the second floor with the third four piece shower room.
Outside also offers a small front garden, a larger garden to the rear and an on-site shipping container for extra storage to the side of the property. Along with ample free communal parking for all the residents. We advise calling to view at the earliest opportunity. EPC: D
Local area information:
The local area is going through major regeneration with large scale planned investments. Including external works to residential homes, landscaping to communal areas, new play and active areas and a £3.8m contract to redevelop the community hub.
The nearest large supermarket facilities can be accessed within 1.5 miles away at Weston Favell Shopping centre with over 60 shops and restaurants and a 24 hours Tesco.
The property is just off the A43 and roughly just 1 mile from Moulton Park and Round Spinney industrial estates.
With easy access to a variety of main roads including the M1, A45, A508 and A14.


Tenure
Freehold

*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 known 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 SDL Auctions website.


Viewing Details

By arrangement with the auctioneer 0345 319 2162.


Energy Performance Certificates

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


Auction Type: Conditional with Reservation Fee

Every online bidder must first create an account via the SDL Auctions website, in the online auction section. 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.

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

Full terms and conditions are available on the SDL Auctions website.


Joint Agent



Current Bid

£245,000

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Joint Agent

For viewings please contact:
Focal Point Estates
01604633696

Legal Documents

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