7 bedroom terraced house for sale

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7 bedroom terraced house for sale

81 Southchurch Avenue, Southend-on-Sea, Essex, SS1 2RS
£325,000

Our Summary

  • FOR SALE BY PUBLIC AUCTION ON THURSDAY 12TH DECEMBER AT 3

Description

This tenanted freehold H.M.O. is being sold by public auction on December 12th at 3:00pm, with bidding available by telephone, proxy, and online. The property comprises six individual rooms, three shower rooms, and a communal kitchen, as well as a one-bedroom flat with its own lounge, kitchen, utility area, shower room, and garden. The property is currently producing an annual income of £31,620, which is expected to increase to £36,480 once the vacant room is let. The rents are considered to be below current market value, and the tenants pay for their own electricity costs as each room is separately metered. The property is freehold, and the seller has made an application to renew the H.M.O. licence. The tenancies are fixed to various dates, with the flat on a fixed term until November 2025.
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