Blackbrook Road, Loughborough, Leicestershire, LE11

A house of multiple occupancy (HMO) with a valid HMO licence starting from 28/05/2019, preserving the heritage of the status which has been developed by the current investment owners who are looking to sell. Currently let with a with an estimated rent of £21,216 PAX inclusive of bills, gross yield 11.78% PAX. Please see legal pack for further details.

Auction date    To be sold by online auction on Friday 24th November 2023 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view    Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration    All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Location    Loughborough is a thriving town, lying a short distance from Junction 23 of the M1 motorway network. The town has a mainline railway station providing regular services to London St. Pancras and provides easy access to East Midlands Airport. This exclusive development is located on the south-west side which is ever so popular for professionals, affluent students and professionals situated within the second largest town in Leicestershire. Fine eateries, a multitude of shops, banks and building societies, coffee shops, fitness centres, a cinema & bars, the town has a wide variety of leisurely opportunities.

Description    * Terraced * House of multiple occupancy (HMO) * 5 bedrooms * Gross yield 11.78% PAX

Accommodation    Comprises:

Ground floor    Entrance hall, living room, kitchen, 2 bedrooms

First floor    3 bedrooms, bathroom, WC

Outside    Front and rear garden, driveway parking

EPC rating    C

Tenure    Freehold with occupied tenants

Tenancies    Room 1 - Currently periodic and rent is £350 PCM. Room 2 - Currently periodic, but the tenant has been served a section 21 notice and the tenancy ends on 10.1.24 paying £350 PCM. Room 3 - Currently periodic and the rent has been increased to £368 PCM. Room 4 - 12-month fixed term and rent is £350 PCM. Room 5 - Currently periodic and rent is £350 PCM. Total income £21,216 per annum, inclusive of bills. Please see legal pack for details.

Council tax band    B - Charnwood

Legal pack    For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.

Guide prices    Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees    A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Please note    All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty's Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.

Pre-auction offers    These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered an auction basis in accordance with the "Terms & Conditions - Unconditional Auction".


Council Tax Band: B