PRIME 8 BEDROOM HMO INVESTMENT OPPORTUNITY - WALKING DISTANCE TO STOCKTON TOWN CENTRE

An outstanding investment opportunity to acquire this substantial and well-presented 8-bedroom HMO, ideally located within walking distance of the newly regenerated Stockton Town Centre, offering excellent access to local amenities, transport links and employment hubs. Currently offered with vacant possession, the property presents investors with the opportunity to secure a ready-to-let asset capable of generating in excess of £35,000 gross per annum based on current Local Housing Allowance (LHA) rates. This equates to the potential for an exceptional yield from the guide price, making it an opportunity not to be missed. The accommodation is well maintained throughout and briefly comprises an entrance hall, communal lounge, ground-floor bedroom and communal kitchen to the ground floor. To the first floor are four further bedrooms, a shower room and two separate WCs, whilst the second floor provides three additional bedrooms, creating practical and spacious accommodation ideally suited to the professional lettings market. Externally, the property benefits from a front forecourt and an enclosed rear yard, providing useful outdoor space for occupants. Combining generous accommodation, a sought-after location and impressive income potential, this sizeable HMO is perfectly positioned for both experienced and first-time investors. Viewing is highly recommended to fully appreciate the size, condition and investment potential on offer.

Tenure

Freehold

Auctioneers Notes

Property construction – Standard – Electricity supply – Mains Water supply – Mains Sewerage – Mains Heating – Mains Broadband –Standard Speed – 22 mbps Mobile signal / coverage –O2/EE/Vodafone/Three –Good Parking – On Street Building Safety – See Legal Pack- Restrictions – Yes - See Legal Pack Rights and easements - See Legal Pack Flood risk – Very Low Coastal erosion – Very Low Planning permission – See Legal Pack- 21/2564/CPE/ 04 Oct 2021/ Certificate of lawfulness for an existing 9 bed HMO Accessibility / adaptions – See Legal Pack Coalfield or mining area - See Legal Pack

We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding. Come auction day (11th August), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 28 days later. You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on 01642 931060. Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms, documentation and completed ID checks have been received at teesvalley@auctionhouse.co.uk. for any further assistance, please do not hesitate to contact us in the office.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Stockton-on-Tees Borough Council

Solicitors

HNW Law, Suite 17, Ref: HNW Law, Tel: 01642 050800

Additional Fees

Buyer's Premium - 1.8% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.

Administration Charge - £1800 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.