5 bedroom Terraced House For Sale

Nicholas Humphreys are delighted to bring this 5 bedroom student property to the market for sale by auction.

A superb three storey, Five bedroom, HMO student property in great letting location.

Located in the NG7 Lenton area of Nottingham. Ideal for students going to either the UON or the QMC.

The property is to be sold as an investment and includes all furnishings. It provides an excellent income for anyone looking to add this into their rental portfolio.

Let for the 25/26 academic year paying £1,941.33 per month, including bills.

Already let for the 26/27 academic year to 5 students paying £2,426.67 per month, including bills.

A high yielding investment opportunity with income from day one.

DescriptionA superb three storey, Five bedroom, HMO student property in great letting location.

Located in the NG7 Lenton area of Nottingham. Ideal for students going to either the UON or the QMC.

The property is to be sold as an investment and includes all furnishings. It provides an excellent income for anyone looking to add this into their rental portfolio.

Let for the 25/26 academic year paying £1,941.33 per month, including bills.

Already let for the 26/27 academic year to 5 students paying £2,426.67 per month, including bills.

A high yielding investment opportunity with income from day one. AccommodationGround Floor
Hallway, Lounge, Kitchen, Bedroom One.

First Floor
Landing, Bedroom Two, Bedroom Three, Bathroom, Separate Toilet/Cloakroom.

Second Floor
Landing, Bedroom Four, Bedroom Five.

Outside
Enclosed rear yard/Garden. TenureFreehold OccupancySubject to a tenancy CostsAuction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% inc. VAT of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price 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. A full definition can be found within the Buyers Terms.  GeneralNote
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Particulars
These sales details are awaiting vendor approval

REFERRAL ARRANGEMENT NOTE

Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them.

Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £250 from them, for recommending you to them.

Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them.

  EPC rating: E. Council tax band: A, Tenure: Freehold, Is the property on a coalfield: Yes Mining related activities: Yes Known building safety issues or planned/required works: None Mobile signal information: Good