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5 bedroom semi-detached house for sale
Clough Road, Masborough
£170,000
Clough Road, Masborough
£170,000
Our Summary
- For sale by conditional auction- Starting Bid £170,000 plus Reservation Fee- Terms and Conditions Apply (See Auctioneer Comments for further information)
- With rents presently below local market levels, there is clear potential for uplift, offering investors an opportunity to strengthen yield and enhance long-term asset performance
- *A recent Fire Risk Assessment has identified areas where improvements are required to bring the building fully in line with current regulations, the need for improvements is reflected accordingly in the competitive starting bid
- VIEWINGS BY APPOINTMENT ONLY*AUCTIONEER COMMENTSThis property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
- For Sale by Modern Auction - T & C's apply
- For Sale by Modern Auction – T & C's apply
Description
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Here is a summary of the property description in a single paragraph:
This semi-detached property has been expertly converted into five self-contained flats, each featuring a modern open-plan lounge and kitchen, bedroom, and private bathroom. The property is fully let to reliable tenants on AST periodic agreements, generating £27,000 gross annual income with a 10% yield. Rents are currently below local market levels, offering potential for uplift and increased yield. The property requires some improvements to meet current fire safety regulations, which are reflected in the competitive starting bid. The property is being sold by conditional auction, with viewings available by appointment only, and the buyer and seller must complete within 56 days of the sale.