1 Hawthorne Street, STOKE-ON-TRENT, Staffordshire, ST6 2JD

  • Conditional Online Auction Sale

YOPA ONLINE AUCTIONS OFFERS FOR SALE THIS 8 BEDROOM HMO END OF TERRACE HOUSE IN STOKE-ON-TRENT

Tenure

FREEHOLD

Description

HMO/INVESTMENT OPPORTUNITY

Being Sold by YOPA Online Auction
Buy it now option available
Please call or visit YOPA Online Auctions for more information.

YOPA Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressurefree from the comfort of your own home or office via desktop, tablet or mobile phone. YOPA also offer a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date.

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.

Income producing 8 bedroom 10 person HMO

Well presented throughout recently refurbished and upgraded Gross rent when fully let circa £39,984 pa

Popular location in established residential area with excellent transport links A late Victorian end of terrace residential property having been converted into a HMO circa 30 years.

The property comprises eight bedrooms (9 if layout was altered) together with communal kitchen, lounge and multiple bathrooms and is compliant for 10 persons.

The property has been well maintained and modernised throughout and has a long established reputation in the area which has ensured high levels of occupancy. The roof has been replaced and overhauled and checked, the chimneys have been re-pointed, new radiators have been installed and a new boiler installed. The property is located at the junction of Hawthorne Street and waterloo Road, (A50) in a predominantly residential area approximately 1 mile to the south of Burslem. Hanley city centre is approximately 1 mile to the south. On street parking is readily available along Hawthorne Street and there is a bus stop within 10 yards of the property.

ACCOMMODATION/RENTALS - Entrance Hall Lounge - Bedroom 1 (single) 85.00 Bedroom 2 (single) 85.00 Bedroom 3 (double) £95 - 120.00 if two occupants, Kitchen WC 1st Floor Bedroom 4 (double) 95 Bedroom 5 (large single) 85.00 Bedroom 6 (double) 95.00 Bedroom 7 (double) 98.00 Bedroom 8 85.00(single) Bedroom 9 (single) 85.00 - Bathroom 1 Bathroom 2

Total Rent £833 per week (39,984pa) gross

RUNNING COSTS The landlord is responsible for Council Tax (Band A 952.47 pa (14/15)), water on the mains (Band A), gas, electricity, buildings insurance, cleaning of communal parts, external maintenance and decoration, all of which amount to circa 4,000 pa. Detailed accounts can be made available upon request. A grant is still available from Stoke on Trent Council.

VAT The sale price is not subject to VAT. SERVICES All mains services are connected. Gas fired central heating throughout. Hardwired fire alarm with sensors in every room. Please note that no services have been tested by the agents. EPC RATING Band E (44) TENURE Available freehold, subject to contract.

Conditions - Buyer to pay Legal Fees.

EPC band: E

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 £6,000 including VAT plus an administration charge of £354 including VAT, a total of £6,354. 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.

EPC Rating

CURRENT 44/86 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 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 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 £6,600 including VAT, plus a buyer's administration charge of £354 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.

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 £354.00 (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.

Minimum Opening Bid

£245,000

Set Bid Amount Below

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Office Contact

YOPA Online Auctions
01844 355022

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