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6 bedroom house of multiple occupation for sale
22 Cockton Hill Road, Bishop Auckland, County Durham, DL14 6AH
£180,000
22 Cockton Hill Road, Bishop Auckland, County Durham, DL14 6AH
£180,000
Our Summary
- Guide Price £180,000 * Plus 5% Buyers Premium + VAT For sale by unconditional online auction on the 28th of August at 10:00
- Bidding opens on 28th of August at 10:00 and the auction ends 28th of August at 13:10
- Fully Renovated 6-Bed HMO Description 6 Spacious Bedrooms + bathroom, separate shower & extra WC Modern fully fitted kitchen & large communal areas Private garage + 2 large storage units Front & rear private entrances for convenience & security 2 mins to train station 4 mins to primary school Walking distance to hospital, GP, shops, post office Projected £2,700+ Gross Monthly Income (scope for more) Valid HMO Licence fully regulation compliant Potential of an 18% yield (at guide price) Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction
- Auction Information
- To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
- Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date
- All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
- To make a pre-auction offer we will require two forms of ID,
Description
This 6-bedroom HMO property is being sold by unconditional online auction on August 28th at 10:00am, with a guide price of £180,000. The property features modern kitchen and communal areas, private garage and storage units, and front and rear private entrances for convenience and security. It is located just 2 minutes from the train station and 4 minutes from the primary school, with walking distance to the hospital, GP, shops, and post office. The property has a projected gross monthly income of £2,700+ and a potential yield of 18% (at guide price), with a valid HMO licence fully compliant with regulations. The buyer will need to pay a 5% deposit and a 5%+VAT buyers premium, and contracts will be exchanged upon the fall of the hammer.