6 bedroom House of Multiple Occupation in Barrow-In-Furness
12 School Street, Barrow-In-Furness, LA14 2JN
- Lot No: 142
- Property Type: House of Multiple Occupation
- Contract Type: Unconditional with Variable Fee
Guide Price* £155,000+ plus fees
Property Description
Situated within the context of an established residential location is a substantial three storey dwelling currently used as a 6 bedroomed Fully Licensed HMO property, one room has an en suite and the other 5 share two modern bathrooms. The property benefits from a large communal living room and separate kitchen area. The property is offered with vacant possession, however when fully let we would anticipate a rental income of £31,200 per annum. This would represent a 19.5% return based on the guide price. Internally the property has double glazing, gas central heating, motion-controlled lighting in the hallways, Wi-Fi, communal lounge and offers neutral decor throughout with recently fitted grey carpets. The property is to be sold with all fixtures and fittings. Please see the legal pack for confirmation. There is a large yard with bike shed as well as ample off-road parking if required. The property is situated within a short distance of the major employer BAE Systems and close to numerous retail parks and the town centre. Excellent residential high yield investment opportunity.
Occupancy
Vacant.
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 29th April 2021
Venue National Property Auction
The National Property Auction will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454