A substantial detached residential property believing to extend to approximately 618 sq m (6,652 sq ft) (source EPC) which we understand has been converted into a 13 bedroom HMO. We are advised that the property was let until June 2019 at an annual rent of £84,500 although we cannot confirm the current occupancy details.

A period detached property currently laid out as a 23 bedroom HMO/Student accommodation building, presented to a high standard and benefiting from a large car park area to the side. The building is currently vacant but for the 2018/19 academic year produced a gross income of circa £85,000. The property would be suitable for conversion to apartments and there is potential to construct additional accommodation on the adjoining car park, subject to obtaining the necessary consents.

Originally a large four bedroom through terrace, this property is now in need of development. Formerly arranged as bedsits, four of the rooms still have ensuite shower rooms. Some alterations and improvements have been carried out by the current owner but there's plenty left to do for the DIY enthusiast. There are two tenants remaining, providing an income of £11,160 per annum

Sure to appeal to the landlord comes this large terraced house, divided into 4 x one bedroom flats. Fully let, the property is generating an income of £18,600 per annum. This equates to a return of more than 15% based on the guide price. Each flat has a living kitchen, bedroom and shower room. Separately metered, the tenants are responsible for their own electricity bills.

A four storey terraced property situated in a mixed use area. It is believed the property is arranged as a self contained ground floor flat with a residential House of Multiple Occupation (HMO) forming the upper three floors. It is considered the upper parts may be suitable for sub-division in order to create a number of self-contained residential units, subject to all the necessary consents being obtainable.

This detached dwelling is situated in an excellent location within walking distance of  local shops, bus connections and Station. . The local authority have granted planning permission  for the demolition of the existing dwelling and to be rebuilt as a block of 7 self contained flats.  The planning granted in our opinion is an attractive scheme with undercroft parking, communal garden and spacious flats.  The Auctioneers reserve the right to sell this property with Lot 11.

ACCOMMODATION

This semi detached dwelling is situated in an excellent location within walking distance  local shops, bus connections and Station. We are advised that the property has rights under permitted development for a loft room and outbuilding. The property also has potential to convert into self contained flats subject to obtaining any necessary planning consent that may be required. The vendors have commissioned drawings for the permitted development and proposed conversion of the dwelling. The property is currently let on a room by room basis and we understand that the general income relates to £4300 pcm (£51,600 pa). The Auctioneers believe that some rooms are vacant at present and any intending purchaser will need to make their enquiries in this regard. The property is sold with this or in part the general ongoing income. The Auctioneers reserve the right to sell this property with Lot 12.

An end terrace property converted to provide 4 letting rooms benefitting from double glazing and central heating. Two of the rooms are currently let by way of an Assured Shorthold Tenancies at a rental income of £6,840 per annum. When fully let the potential income would be approximately £12,960 per annum.

A end terraced house converted to provide a 5 bed HMO currently fully let to working individuals by way of Assured Shorthold Tenancies at a rental of £24,439.92 per annum. The property is fully HMO Compliant and benefits from double glazing, central heating and rear garden.

A substantial semi-detached house with double bay windows and pointed brick elevations beneath a pitched slate roof covering and benefiting from double glazed uPVC fenestration and gas central heating (not tested). The property is currently laid out as seven bedsits, with four on the ground floor and three on the first floor. We have been advised that six of the bedsits are currently let, with one vacant, but ready for occupation. Each bedsit inspected had its own separate shower, sink and w/c. We have been advised that the two bedsits not inspected are the same.We understand that the cost of gas is included within the current rental payment of £90 per week, per bedsit. Each bedsit has its own electricity meter, with electricity payments being paid individually by each tenant (please refer to the legal pack for any further information). We have been advised that the income currently generated is £28,080 per annum based on the six bedsits, with potential for that to increase to £32,760 with the additional letting of the vacant bedsit. In our opinion, there is scope for betterment to a figure in the region of £36,000 per annum.