Sold for £525,000

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A substantial semi detached house with parking, arranged as a 7 room licensed HMO (1528 sq ft) and a self contained 1 bedroom flat (312 sq ft). Development potential, part let.

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Description/Location

Currently 6 of the 7 rooms are let producing £35,820 pa (5 x £395 pm, 1 x £385 pm, flat £625 pm). The vacant room will immediately rent at £395 pm / £4620 pa. There is good potential to increase rents in line with market rates. Located to the west of High Wycombe town centre and mainline railway station. Lapsed planning permission for extension of roof and insertion of rear dormer to create 2 additional self contained bedsit flats REF: 15/06174 FUL.

Tenure

Freehold

Local Authority

Buckinghamshire Council

Viewing

Please contact Thompson Wilson on 01494 474234.

Accommodation

Ground Floor: Entrance hall, 3 double rooms, kitchen, shower room. First Floor: Landing, 4 double rooms, shower room. Lower Ground Floor: Self contained flat with open plan sitting room and kitchen, double bedroom with en-suite shower room. Separate basement storage area. Outside: Outside space to the front, side and rear with parking for multiple vehicles.

Rent

ERV: £40,440+ 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.