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Priory Road, Spalding PE11 6 bed terraced house for sale
Priory Road, Spalding PE11
£150,000
Priory Road, Spalding PE11
£150,000
Our Summary
- Guide Price £150,000 Plus FeesFor sale by unconditional online auction, registration is now open
- For Sale by Online Auction on 23 July 20256 Bed HMO Circa £38,000 per annum Rental Income25% Yield Based On The Guide Ideal Investment End Terrace 4 En-Suites Town & Country Property Auctions are pleased to present this six bedroom licensed HMO producing a phenomenal rental income of circa £38,000 per annum which equates to 25% yield based on the guide price
- TenureFreehold TermsLegal PackTo review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details)
- You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group
Description
This six-bedroom licensed HMO property is being sold by unconditional online auction with a guide price of £150,000 plus fees. The property produces a phenomenal rental income of circa £38,000 per annum, equivalent to a 25% yield. The end-terrace property features four en-suite bedrooms, two further bedrooms, a shower room, kitchen, dining room, and a rear yard. Located in Spalding, the property offers a variety of facilities and a rail link to Peterborough and London Kings Cross. The property is being sold with a 10% deposit and a buyer's administration fee of £1,200 plus VAT, with contracts exchanged 28 days following the auction. Additional fees, costs, and charges may apply, as outlined in the legal pack. Registration is now open for bidding, which opens on July 23rd and closes on the same day at 12:10pm.