Focal point

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

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

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

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

Legal Pack

The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.


*Guide 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.


Online Auction Registration

Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/

This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents.

After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.

In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. 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.


Conditional Online Auction Procedure

If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and 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 sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

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.

Full terms and conditions are available on the SDL Auctions website - sdlauctions.co.uk/wp-content/uploads/2019/04/SDL-Auctions_buyer-terms.pdf


Joint Agent



Minimum Opening Bid

£245,000

Enter Bid (Min £245,000)

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Joint Agent

For viewings please contact:
Focal Point Estates
01604633696

Legal Documents

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