03455 120 115 8AM - 10PM

Terms and Conditions

By submitting a bid you confirm, you have read and understood the terms of sale and special conditions in the legal pack and have clarified all information with your solicitor.

If you’re the successful bidder, you agree to pay the deposit amount and fees and charges associated with this property immediately after the end of the auction.

By placing a bid, you are authorising the auctioneer to sign the contract of sale on your behalf. The exchange of contracts will take place immediately and which point you will become legally bound to purchase and the deposit will contribute towards the purchase price.

Online auction

8 Bedroom HMO, Semi Detached, Wolverhampton, WV1 4AJ

New Hampton Road East, Wolverhampton, UK

Submit Prior Auction Offer

Current Bid

£265,000

You still haven’t placed a bid

Auction Not Started

End: 08-10-2020 14:30:00

Please login to continue with placing your bid.

Click here to login

Confirmation

Confirm your bid of: £266,000

Confirmation

Confirm your bid of: £267,000

Confirmation

Confirm your bid of: £268,000

Confirmation

Confirm your bid of: £270,000

OR

Confirmation

Confirm your bid of:

(Fees Apply)
The sale of this lot is subject to an auction administration fee, the greater of £2,500 + VAT or 1.75% +VAT of the purchase price.
  • Commonhold
  • 8 Bedrooms
  • 2 Reception Room
  • 2 Bathrooms
  • HMO Licence
  • Investment Property
Bulb Estate Agents
01902 283109

Chubb Building, Fryer Street, Wolverhampton, UK, WV1 1HT

  • Commonhold
  • 8 Bedrooms
  • 2 Reception Room
  • 2 Bathrooms
  • HMO Licence
  • Investment Property
Bulb Estate Agents
01902 283109

Chubb Building, Fryer Street, Wolverhampton, UK, WV1 1HT

8 New Hampton Road East, Wolverhampton, WV1 4AJ

Guide Price - £265,000 + 

A FREEHOLD HMO INVESTMENT

 

Addendum - 25th September 2020

Lot 579 – 8 New Hampton Road East, Wolverhampton, WV1 4AJ

Room 5 is let producing £4,620 per annum. Room 7 is let producing £4500 Per annum, increasing the total current annual rent for the entire property to £30,840

 

Property Description

6 Double Bedrooms, 1 Single and 1 Studio Flat. Licenced with the added potential to be brought back to it's residential roots making for an excellent sized family home. 


The property is currently configured as a 7 bedroom and 1 studio flat HMO.The property offers an excellent income generating investment opportunity However, it also has the potential to be brought back to it's residential roots making for an excellent sized family home.

The property consists of 4 Large Double Bedrooms, 2 Smaller Double Bedrooms, 1 Single Room, 2 bathrooms, a separate toilet and a loft converted flat with it's own private kitchen and separate bathroom (studio flat approx 274sqft). The property further benefits from double gated access to the garden for parking for 1 car. An internal viewing is recommended prior to the auction start date to appreciate the scale of the accommodation on offer.

Located on Newhampton Road East, the location provides excellent access to local amenities, such as shops, hair dressers, supermarkets all within a short walk. It is conveniently located for access routes and transport into the city centre which is less than a mile away.
 

Current Tenancy Schedule:

Room

Rental

Term

Studio

450PCM - (PAID QUATERLY) 1350 PQ -  £5400PA

9 Months from 1st September 2018

Room 1

£340 PCM - £4080 PA

6 Months from 25th August 2020

Room 2

£340PCM - £4080 PA

6 Months from29th May 2020

Room 3

Used as communal area

Communal Area

Room 4

 

VACANT

Room 5

£385PCM - £4620 PA

6 Months from 7th June 2019

Room 6

£380 PCM - £4560 PA

6 Months from 1st March 2020

Room 7

£375 PCM - £4500PA

6 Months from 21st September 2020

     

ROOM 8

£300PCM - £3600PA

6 Months from 4th September 2019

     

Total Gross Income:

£2570PCM  - £30840PA

 

 

Energy Performance Rating

See Legal Pack

 

Auctioneers Note

The deposit for exchange of contracts on this property is 5% subject to a minimum of £5,000.

The completion period for this property is 8 weeks (56 days)

 

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction

 

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property. If the property is currently occupied during the term of the auction but is to be sold with vacant possession, the auctioneer and selling agent take no responsibility if the property is not vacated on or before completion.

No floor plan added.
× Grand modal