Sold for £425,000

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6 week completion available

An extended and refurbished freehold house arranged as a 5 bedroom (all en-suite) licensed HMO, producing £38,060 pa at full occupancy.

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Description/Location

The property is situated in an ideal central location between the town centre and Watford Junction Station. The rooms are let to individuals on an AST basis, at full occupancy the rent roll is £36,060 pa with an additional £2000 pa derived from smart meters and a coin operated washing machine. The property has held an HMO licence since October 2018. Room 5 is currently vacant to allow pre-auction access to interested parties.

Important Notice - interested parties must not approach the tenants or try to gain access to the property without an appointment via the auctioneers.

Tenure

Freehold
Energy Rating: D

Local Authority

Watford Borough Council

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Bedsit 1: Periodic AST £6000 pa Bedsit 2: Periodic AST £6960 pa Bedsit 3: Periodic AST £6600 pa Bedsit 4: Periodic AST to 02/09/2021 £8100 pa Bedsit 5: Vacant, ERV £8400 pa All rooms are en-suite, there is a modern fitted kitchen to ground floor and a rear garden that all tenants have access to.

Rent

Rental Value: £38,030 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.