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6 bedroom house of multiple occupation for sale
14 Walnut Street, Leicester, Leicestershire LE2 7LD
£285,000
14 Walnut Street, Leicester, Leicestershire LE2 7LD
£285,000
Our Summary
- For sale on 30 January 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- An ideal investment with potential NET returns of 12% and an income from day one
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
Description
This substantial 6-bedroom HMO property is located in a prime letting location, opposite Leicester Royal Infirmary Hospital and DeMontfort University. The property offers accommodation over three floors, with five bedrooms and two bathrooms on the main floor, and a studio room with en-suite and kitchenette on the top floor. Currently, five out of six rooms are let, generating an annual income of approximately £33,000, with the potential to increase to £39,540 when fully let. The property benefits from gas central heating, UPVC double glazing, and up-to-date gas and electrical certificates, making it an ideal investment opportunity with potential net returns of 12%. The property is being sold at auction on January 30, 2025, with a guide price and reserve price to be announced.