HMO in AL7

Barnard Green, Welwyn Garden City, Welwyn Garden City, Hertfordshire, AL7 3NG

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Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Investment Opportunity
  • Generating Approximately £25,200 Per Annum
  • Established Residential Location
  • Freehold Title

HMO in AL7

FOR SALE BY AUCTION: Terms and conditions apply.

We are delighted to offer for auction this property which is currently an HMO (house of multiple occupancy) and at the moment is bringing in approximately £25,200 per annum. It's configuration is of a four bedroom end of terrace and it would make an ideal investment purchase. Ground floor accommodation comprises of a dining room (currently used as a bedroom) lounge, fitted kitchen and downstairs WC. To the first floor there are three bedrooms and family bathroom. Externally the property benefits from an enclosed rear garden and off road parking for four cars to the front. Offered for sale with tenants in situ.

Please note: We have not inspected this site.


Summary

  • Property Type: HMO
  • Tenure: Freehold
  • Parking: Allocated

Location

The subject property is located along Barnard Green, a quiet area just a short walk from Welwyn Garden City town centre and railway station. London City Centre is located approximately 25 miles away.

Accommodation

ENTRANCE HALL
Front door. Stairs rising to first floor. Doors to ground floor rooms.

WC
Double glazed window to side aspect. Low level WC.
Heated towel rail.

DINING ROOM/ROOM 1: 11'11" x 8'10" (3.63 x 2.69)
Double glazed window to front aspect. Double panel radiator.

KITCHEN
Double glazed window to rear aspect. Fitted with a range of base and eye level units providing ample work surface. Half tiled walls. Inset stainless steel one and half bowl sink with mixer taps and draining area.

LOUNGE: 12'11" x 10'9" (3.94 x 3.28)
Double glazed patio doors to rear aspect. Double panel radiator.

Accommodation: Continued

FIRST FLOOR LANDING
Double glazed window to side aspect. Doors to all rooms.

BEDROOM ONE: 12'7" x 9'11" (3.84 x 3.02)
Double glazed window to front aspect. Double panel radiator.

BEDROOM TWO: 11'7" x 9'5" (3.53 x 2.87)
Double glazed window to rear aspect. Double panel radiator.

BEDROOM THREE: 9'2" x 8'11" (2.79 x 2.72)
Double glazed window to front and side aspect. Double panel radiator.

BATHROOM
Double glazed window to rear aspect. Suite comprising panel bath with shower over, wash hand basin and low level WC.

EXTERIOR:
Front:
Parking for four cars.

Rear:
Laid mainly to lawn with decking area. Enclosed by wood panel fencing.

Tenancy Information

Room 1: Tenanted at £550 PCM on a 6 months agreement which commenced 06/09/2022.
Room 2: Tenanted at £500 PCM on a 6 months agreement which commenced on 16/11/2022.
Room 3: Tenanted at £525 PCM on a 12 months agreement which commenced on 01/06/2022.
Room 4: Tenanted at £525 PCM on a rolling basis.

Total income approximately £25,200 Per Annum.

Tenure

Freehold. TITLE NUMBER: HD347579.

Council Tax

Band C.

EPC

Available upon request (rating D).

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

 

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

 

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. 

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
​£250,001 to £750,000 - £2,500 minimum bid 
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

 

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