6 bedroom House of Multiple Occupation in Southampton

75 Stafford Road, Southampton, Hampshire SO15 5EE
  • Lot No: 206
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Variable Fee

Guide Price* £285,000+ plus fees

Property Description

A neutrally decorated, six bedroom HMO property recently renovated and let at £1,850 per calendar month/£22,200 per annum. A well presented, terraced property offering a proven investment opportunity with an established £1,850 per calendar month rental income. We believe the property has potential for a rental increase to £2,000 per calendar month, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. A six-bedroom HMO that has been recently renovated to a high standard and having a full HMO licence in place. A new boiler has recently been refitted. The property boasts a modern kitchen equipped with up-to-date appliances, a utility room, spacious lounge with large windows and high ceilings that add to the sense of spaciousness. There are six well-lit bedrooms in total, five of which are spacious doubles and one single. Each bedroom is generous in size and benefits from an abundance of natural light. There are two large bathrooms, each fitted with a rain shower and heated towel rail. A new boiler has recently been fitted with a 10 year guarantee. The house also comes with several appealing features, including a garage for secure parking and a garden to enjoy outdoor moments. The location of this property is a strong point. It is well-connected with public transport links and nearby amenities, making day-to-day life convenient. Close proximity to local schools and parks, walking and cycling routes

Construction Material:

Cavity wall, as built, no insulation (assumed)


Heating Supply:

Gas Central Heating


Electricity Supply:

Mains


Water Supply:

Mains


Sewerage Arrangements:

Mains


Note:

Buyers are to note the existence of Japanese Knotweed at the property and are referred to the legal pack for further information. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


Note:

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The 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.

Auction Details

Date 21st November 2024

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

75 Stafford Road, Southampton, Hampshire SO15 5EE