6 bedroom House of Multiple Occupation in Loughborough

8 Ratcliffe Road, Loughborough, Leicestershire LE11 1LQ
  • Lot No: 105
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional
Nicholas Humphreys - Loughborough

Guide Price* £325,000+ plus fees

Property Description

The property is well placed for a wide range of shops bars and restaurants, Loughborough University and train station. The property has a great letting history and is offered fully let at £32,100 per annum inclusive. An initial return of around 10% at the current guide price. Full HMO Licence. Situated in a High Demand Article 4 area with full compliance. The property is in excellent order and benefits from gas central heating and UPVC double glazing. High end kitchen and bathrooms and tasteful décor and flooring. A ready made, low maintenance investment with income from day one. The accommodation comprises:

Ground Floor:

Reception hallway, communal kitchen, two bedrooms with en-suites.


First Floor:

Landing, two bedrooms with en-suites, two bedrooms, large bathroom.


Outside:

Well maintained, enclosed, rear garden with patio.


Tenure

Freehold


Conditions of Sale The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.   The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.   A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.   *Guide Prices and Reserve Prices Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.   Energy Performance Certificates EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.   Note Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.   Auction Fees The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.   The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.