Sold for £245,000

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A 5 bedroom end terraced house with current HMO licence close to Barnstaple town centre

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Description/Location

Currently rooms 1and 2 on the ground floor are let with the remaining 3 rooms requiring refurbishment prior to re-letting. Current rents received: Room 1: £85 per week Room 2: £90 per week Previous rents received: Room 3: £90 per week Room 4: £85 per week Room 5: £85per week

Tenure

Freehold

Local Authority

Viewing

Charles Darrow Network Auctions on 01271 321122

Accommodation

Ground floor: 2 letting rooms, WC, communal dining area, kitchen, shower room, access courtyard First floor: 3 letting rooms Outside: Courtyard area, generously sized workshop with light and power and a mezzanine level

Rent

Potential rent £22,620 p.a.

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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.