For Sale By Auction | 14:00, 17 October 2019 | Lot -

54 Mayfield Street, Hull, East Riding Of Yorkshire, HU3 1NS

*Guide | £119,000 (plus fees)

  • Residential Development
  • 5 Bedrooms
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 17/10/2019

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Five Bedroom (Five Bathroom) HMO - Potential Gross Rental Income £20,040pa

Five bedroom (5 bathroom) HMO, arranged over three floors. With potential gross rental income of £1,670 pcm (£20,040 pa). In addition to the rear of the property is a further outbuilding which has the potential to convert to either 2 x one bed flats or 4 further en-suite bedrooms. Internally the property briefly comprises: Ground Floor: Entrance Hallway, Lounge, Dining Room, Kitchen and Rear Lobby First Floor: Four en-suite bedrooms, family bathroom Second Floor: En-suite bedroom Externally there is a gated access to the rear courtyard and outbuilding. Presently we are informed that three of the five rooms are currently tenanted (rents range £350 - £370pcm), producing a current gross income of £1,070 pcm (£12,840 pa). When the two other rooms are tenanted the gross rental income will increase to £1,670 pcm (£20,040 pa).

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Hull City Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.