Guide Price £170,000 Plus Fees

For sale by unconditional online auction, registration is now open. Bidding opens on 30/04/2025 10:00 and ends on 30/04/2025 13:00.



For sale by online auction on 30 April 2025

Bidding opens at 9:00am and closes from 9:30am

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. This end terrace 6 bedroom tenanted HMO producing rental income of circa £38,000 pa has four bedrooms with en-suite facilities two further bedrooms a shower room kitchen and a dining room. The property also has a rear yard.

Spalding offers a variety of facilities together with a rail link into Peterborough and London Kings Cross.

More information can be found in the legal pack.

VIEWING SLOT: WEDNESDAY 12TH MARCH 11AM - 11.30AM ** 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.co.uk



UNCONDITIONAL LOT Exchange and administration fee information: (plus fees)

Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. 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).

In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.





Registration Process

To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”. You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.