4 bedroom Terraced House in Loughborough

84 Albert Promenade, Loughborough, Leicestershire LE11 1RF
  • Lot No: 62
  • Property Type: Terraced House
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £145,000+ plus fees

Result Sold Prior to Auction

Property Description

A well presented four bedroom HMO property situated in a popular and convenient location close to Loughborough town centre. The property is sold fully let with an annual rental income currently of £18,912 per annum, giving a gross return of 13% against the guide price. Please refer to the legal pack for further information. The house benefits from gas central heating and double glazing and has a pleasant, low maintenance rear garden. The property is situated in an Article 4 area. The seller has owned and let the property as a HMO continuously for over 20 years. Evidence and past tenancy agreements will be included within the legal pack.

Ground Floor:

Communal Lounge 3.61m x 3.55m. Communal Kitchen 3.00m x 2.01m. Communal Shower Room. Bedroom One 4.36m x 3.54m max


First Floor:

Landing. Bedroom Two 4.30m x 4.00m max. Bedroom Three 3.12m x 3.60m. Bedroom Four 3.80m x 2.00m. Communal Cloakroom/W.C.


Outside:

Small garden to the front. Side gated access to rear garden. Enclosed rear garden with gravelled seating area and 3 brick stores.


Draft Sales Details

These sales details are awaiting vendor approval.


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 23rd February 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

84 Albert Promenade, Loughborough, Leicestershire LE11 1RF