Sold for £150,000

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A 5 bedroom HMO (1291 sq ft, source EPC) presented in good order, let producing £1620 pcm

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Description/Location

The property is situated in an established residential area, let as an HMO producing £1620 pcm. Licence granted by Wolverhampton City Council for 5 years on 09/01/2019 ref: 18/056/HM1.

Tenure

Freehold Energy Rating: D/55

Local Authority

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Please contact Elliott Network Auctions on 01923 240420

Rent

Current Rent; £19,440 pa

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*Guide Price & Reserves

Generally speaking Guide Prices 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. Virtually every 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.