An excellent four-bedroom mid-terrace HMO investment property currently produced an income of approx. £18,000 after expenses.

This modern 3 storey, house is offered as an oven ready investment that currently provides an excellent income through Student and corporate lettings. The property is fully furnished and generates an income after deduction of outgoings of approximately £18,000 pa. There is double glazing throughout, gas central heating and two dedicated parking spaces.

Tenure

The property is freehold and is sold subject to the existing tenancy agreements copies of which will be included in the legal pack.

Location

The house forms part of a small cul-de-sac development at the head of Ash Grove which is directly off Beverley Road, Hull in the heart of the student area with the University situated on Cottingham Road within a close vicinity. There is also an excellent range of supermarket and local shopping situated on Cottingham Road/Newland Avenue and a choice of popular cafés/bars. Pearson Park is also close-by and there are regular public transport links to Hull City Centre to the south.

Accommodation

Ground Floor: Entrance Hall, WC and open plan living room and fitted kitchen with appliances. First Floor: Landing, two double bedrooms, shower room. Second Floor: Landing, two further double bedrooms. Outside: The property is completed with an enclosed garden area. In addition there are two private parking spaces available opposite the property.

Services

All mains services are connected to the property but have not been tested.

Council Tax

Council Tax is payable to Hull City Council. Online enquiry lists the property in the Council Tax Property Bandings List in Valuation Band B.*

Viewings

Strictly by appointment with the sole agents.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 27th January 2025 and closing on Wednesday 29th January at 1.00pm. For further legal information relating to this lot please go to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Hull City Council

Solicitors

Hamers Solicitors, 5 Earls Court, Priory Park East, Hull, HU4 7DY, Ref: Carl Bailey, Tel: 01482 639 643

Additional Fees

Buyer's Premium - The purchaser will be required to pay a buyer’s premium of £600 (£500 + VAT) in addition to the purchase price of the property.

Administration Charge - The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) in addition to the purchase price of the property.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.