17 Berkeley Street, Hull, North Humberside, HU3 1PR
- Conditional Online Auction Sale
- Bedrooms: 7
ONLINE AUCTION WITH GOTO FOR THIS 7 BEDROOM TERRACED HOUSE IN HULL - HU3 1PR
Tenure
FREEHOLD
Description
Being Sold by YOPA Online Auction Starting Bids from £115,000 Buy it now option available
EPC band: C
Tenure: Freehold
An opportunity has arisen for an investor to acquire this HMO period property which offers seven lettable rooms which when fully let has achieved over £27,000 per year. The property is well placed for the City centre just of Spring Bank. The property enjoys a large communal garden, many original Edwardian features, with internal insulation, gas central heating and has solar panels and is offered with a no chain involved.
If you request a viewing of this property or make an offer, then you agree that your personal information (name and contact details) will be shared with GOTO Auctions (YOPA’s Online Auction partner) to enable them to ensure that you understand the auction process.
To book a viewing visit YOPA.
Auctioneer's Comments:
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.
The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on
this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £6,600 including VAT plus an administration charge of £354 including VAT, a total of £6,954. This secures the transaction and takes the property off the market.
The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
Accommodation
Ground Floor
Entrance Hall
with staircase to the first floor.
Room 1
13’3’(4.01m) x 9’5’’(2.87m)
Room 2
14’1’’(4.29m) x 11’10’’(3.61m)
Store
Communal Living Room
18’9’’(5.71m) x 12’3’’(3.73m)
Kitchen
16’0’’(4.88m) x 8’8’’(2.64m)
Downstairs Toilet
4’1’’(1.24m) x 2’9’’(0.84m)
First Floor
With staircase to the second floor.
Room 3
19’11’’(6.07m) x 14’0’’(4.27m)
Room 4
14’1’’(4.29m) x 11’11’’(3.63m)
With Toilet and wash hand basin off
Room 5
11’11’’’(3.63m) x 11’2’’’(3.40m)
Store
9’5’’(2.87m) 8’4’’(2.54m)
Bathroom
8’4’’(2.54m) x 6’1’’(1.85m)
Second Floor
Room 6
13’9’’(4.19m) x 10’3’’(3.12m)
Room 7
10’0’’(3.05m) x 13’9’’(4.19m)
Shower Room
5’11’’(1.80m) x7’2’’(2.18m)
Outside
A large communal rear garden which is mainly lawned.
EPC Rating
current 70 / 85 potential
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer's Premium of £6,582 including VAT, plus a buyer's administration charge of £372 including VAT, a total of £6,954. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £372 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate (EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
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