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5 bedroom house of multiple occupation for sale
87 Upperton Road, Leicester, Leicestershire LE3 0HE
£185,000
87 Upperton Road, Leicester, Leicestershire LE3 0HE
£185,000
Our Summary
- For sale on 29 May 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
- There is a further bedroom which may offer scope to increase the occupancy to six, subject to consents and license
- Scope for rental increase with current estimated rental vale at £20,000 plus per annum
- 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)
- Auction: 29
- Scope for Rental Increase
Description
A 5-bedroom HMO-style property in a desirable letting location is being sold through a national property auction on May 29, 2025. The property is fully let and has a HMO license for 5 letting rooms, with the potential to increase occupancy to 6 with consent and license. Currently rented at £15,600 per annum, the estimated rental value is £20,000 per annum. The property features UPVC double glazing, gas central heating, a large dining kitchen, and two bathrooms. The property is well-located near amenities and within walking distance of DeMonfort University and the Royal Infirmary Hospital. The auction will be broadcast online with live auctioneers, and bidders can participate by proxy, online, or by phone. The sale is being sold under an unconditional sale type, with binding contracts exchanged at the point of sale. A 5% deposit and buyers' fee of 4.8% of the purchase price will be required, with additional fees applicable.