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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

6 Bedroom HMO, Wolverhampton, WV1 4AR

Paget Street, Wolverhampton, UK

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Current Bid

£250,000

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End: 17-12-2020 14:30:00

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(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.
  • Freehold
  • 6 Bedrooms
  • 1 Reception Room
  • 2 Bathrooms
  • HMO Licence
  • Investment Property
Bulb Estate Agents
01902 283109

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

  • Freehold
  • 6 Bedrooms
  • 1 Reception Room
  • 2 Bathrooms
  • HMO Licence
  • Investment Property
Bulb Estate Agents
01902 283109

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

6 Paget Street, Wolverhampton, WV1 4AR

Guide Price - £250,000+

A FREEHOLD HMO INVESTMENT

 

Property Description

An excellent opportunity to acquire a semi-detached house that is an ideal investment opportunity with 6 bedrooms over three floors. Extremely well looked after and boast good sized rooms and wellmaintained communal areas such as the kitchen and the lounge, this property benefits from having Victorian characteristic and a homely feel. The property is well located to near Wolverhampton City Centre, nearby access to transportation links and Wolverhampton University as well as local amenities.  This property is being sold as a HMO (housing multiple occupants) fully occupied with tenants in-situ and an active in date HMO license.

TENANCY SCHEDULE - 

  Rental Term
Tenant 1 £70PW  1st September - 30th June 2021
Tenant 2 £70PW 1st September - 30th June 2021
Tenant 3 £70PW 1st September - 30th June 2021
Tenant 4 £70PW 1st September - 30th June 2021
Tenant 5 £70PW 1st September - 30th June 2021
Tenant 6 £70PW 1st September - 30th June 2021
     
Total Weekley Income: £420PW  


See Legal Pack
Energy Performance Rating

 

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.
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