HMO in UB5

Thorn Close, Northolt, Northolt, UB5 6DJ

Brochure

Tenure: Freehold

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Current bid£495,000Starting Bid £585,000

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Key Information

Parking: Driveway

Property features

All En-suite
6-Bed HMO
Annual Rent of £71,400
1260 sq ft / 117 sq m
2 Kitchens
Private Garden
Potential for Extension STPP
Parking for 2-3 cars

HMO in UB5

**Being sold via Secure Sale online bidding. Terms & Conditions apply**

An excellent opportunity to purchase a spacious six-bedroom semi-detached house, offered for sale by auction and currently set up as a licensed HMO.

The property measures approximately 1,260 sq ft (117 sq m) and is arranged to maximise rental income, with six good-sized bedrooms, each with its own private en-suite. There are also two kitchens, making it practical and convenient for tenants, and the property is currently generating around £71,400 per year in rent.

The size and layout also give the property good potential for further improvement or extension in the future (subject to the usual planning permissions), which could increase both its value and rental return.

To the rear, there is a private garden providing useful outdoor space for tenants. It is easily accessed from the house and offers plenty of room for seating or general use.

The property is well located with good transport links nearby, as well as a range of local shops and amenities within easy reach, helping to ensure consistent tenant demand.

Overall, this is a solid investment opportunity with a strong income already in place and scope to add further value over time.

Off street parking at the front of the property, enough for 2-3 cars.

Please note we have not inspected the property.

Location

The property is well located with good transport links nearby, as well as a range of local shops and amenities within easy reach, helping to ensure consistent tenant demand.

Accommodation

The property measures approximately 1,260 sq ft (117 sq m) and is arranged to maximise rental income, with six good-sized bedrooms, each with its own private en-suite. There are also two kitchens, making it practical and convenient for tenants, and the property is currently generating around £71,400 per year in rent. The size and layout also give the property good potential for further improvement or extension in the future (subject to the usual planning permissions), which could increase both its value and rental return. To the rear, there is a private garden providing useful outdoor space for tenants. It is easily accessed from the house and offers plenty of room for seating or general use.

Tenure

NGL593706 - Freehold.

EPC

Rating D, full report available upon request.

Council Tax

Band D.

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

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 £6,000 + VAT (£7,200 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 auctions@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 auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

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