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Priory Road, Spalding PE11 6 bed terraced house for sale
Priory Road, Spalding PE11
£170,000
Priory Road, Spalding PE11
£170,000
Our Summary
- Guide Price £170,000 Plus FeesFor sale by unconditional online auction, registration is now open
- For sale by online auction on 30 April 2025Bidding opens at 9:00am and closes from 9:30am6 Bed HMO Circa £38,000 per annum Rental Income22% 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 22% 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 in Spalding is being sold by online auction on April 30, 2025, with a guide price of £170,000 plus fees. The property produces a phenomenal rental income of circa £38,000 per annum, equating to a 22% yield based on the guide price. The end-terrace property has four en-suite bedrooms, two further bedrooms, a shower room, kitchen, and dining room, as well as a rear yard. With a rail link to Peterborough and London Kings Cross, the property offers a great investment opportunity. The buyer will need to pay a 10% deposit (subject to a minimum of £5,000) and a buyer's administration fee of £1,200 plus VAT, and contracts will be exchanged upon the fall of the hammer. The auction conditions require a full legal completion 28 days following the auction.