6 bedroom House of Multiple Occupation in Leicester

14 Fosse Road South, Leicester, Leicestershire LE3 0QD
  • Lot No: 35
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £290,000+ plus fees

Result Sold at Auction £350,000

Property Description

A three storey, six bedroomed HMO property let at £27,360 per annum situated in highly regarded location. The property is arranged as a six bedroomed HMO with license and is fully compliant. Currently fully let for the academic year at £26,496 per annum and is already let for the 2022-2023 academic year with an increase of rent to £27,360 per annum. This property has been successfully let and managed by Barkers in Leicester for the current owners since March 2009. The rear of the property leads onto Livingstone Street so may offer the potential for parking or development, subject to planning. Other properties have developed small flats to the rear with access off Livingstone Street. Well placed for local amenities including, Narborough Road and Braunstone Gate and DeMontfort University. A great investment with good letting history and an income from day one. Letting history: 2021-2022: £26,496 per annum 2020-2021: £26,496 per annum 2019-2020: £25,920 per annum 2018-2019: £25,920 per annum 2017-2018: £25,920 per annum

Ground Floor

Reception hallway, bedroom one, bedroom two, large living area/kitchen, rear lobby, bathroom


Lower Ground Floor

Steps lead down to cellar


First Floor

Galleried landing, bedroom three, bedroom four, bedroom five, shower room one and shower room two


Second Floor

Bedroom six


Outside

Walled garden to the front. Enclosed rear garden with access onto Livingstone Street. Possible potential for development subject to planning


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. 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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve 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.

Auction Details

Date 31st March 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

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Map

14 Fosse Road South, Leicester, Leicestershire LE3 0QD