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Priory Road, Spalding PE11 6 bed terraced house for sale
8 Priory Road, Spalding, Lincolnshire, PE11 2XA
£170,000
8 Priory Road, Spalding, Lincolnshire, PE11 2XA
£170,000
Our Summary
- Guide Price £170,000 Plus Fees For sale by unconditional online auction, registration is now open
- For sale by online auction on 30 April 2025 6 Bed HMO Circa £38,000 per annum Rental Income 22% 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
- 00AM ** YOU MUST CONTACT THE OFFICE TO CONFIRM ATTENDANCE ** Tenure Freehold Terms Legal Pack To 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 in Spalding is being sold by unconditional 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. The end-terrace property features four en-suite bedrooms, two further bedrooms, a shower room, kitchen, dining room, and a rear yard. With a rail link to Peterborough and London Kings Cross, Spalding offers a variety of facilities. The property is being sold with a 10% deposit and a buyer's administration fee of £1,200 plus VAT, and contracts are exchanged upon the fall of the hammer. The auction conditions require full legal completion 28 days following the auction. Registration is now open, and bidding opens on April 30, 2025, at 10:00 and closes at 12:50.