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Priory Road, Spalding PE11 6 bed terraced house for sale
Priory Road, Spalding PE11
£150,000
Priory Road, Spalding PE11
£150,000
Our Summary
- Guide Price £150,000 Plus FeesFor sale by unconditional online auction, registration is now open
- For Sale by Online Auction on 23 July 20256 Bed HMO Circa £38,000 per annum Rental Income25% Yield Based On The Guide Ideal Investment End Terrace 4 En-Suites Town & Country Property Auctions are pleased to present this six bedroom licensed HMO producing a phenomenal rental income of circa £38,000 per annum which equates to 25% yield based on the guide price
- TenureFreehold TermsLegal PackTo review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details)
- You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group
Description
This six-bedroom licensed HMO in Spalding is being sold by unconditional online auction with a guide price of £150,000 plus fees. The property produces a phenomenal rental income of circa £38,000 per annum, equating to a 25% yield. The end-terrace property has four en-suite bedrooms, two further bedrooms, a shower room, kitchen, and dining room, as well as a rear yard. The property is freehold and offers a variety of facilities, including a rail link to Peterborough and London Kings Cross. The buyer will be required to pay a 10% deposit and a buyers' administration fee of £1,200 plus VAT, with contracts exchanged 28 days following the auction. The property is ideal for investors seeking a strong rental yield and is being sold with an unconditional auction, meaning the buyer is legally bound to purchase and the vendor is legally bound to sell.