HMO in TS18

Bishopton Lane, Stockton-on-Tees, Durham, TS18 1PX

Brochure

Tenure: Freehold

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Starting bid£130,000

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Key Information

Parking: On Street

Property features

Investment Opportunity
6 Bedroom HMO
Ground Floor Shower Room and Upstairs Bathrrom
Within Reach to Local Schools, Shops, Amenities and Transport Links

HMO in TS18

*****6 Bed HMO Property*****

An excellent opportunity to acquire a fully tenanted and income-generating 6-bedroom HMO property situated in a popular and well-established residential location on Bishopton Lane, Stockton-on-Tees. The property is being sold with tenants, providing an immediate rental income for investors seeking a ready-made addition to their portfolio.

This HMO is fully tenanted and generates an annual income of approximately £30,120.

Internally, the accommodation is arranged over two floors and briefly comprises six letting bedrooms, a spacious communal kitchen, separate communal utility room, a ground floor shower room and an additional first floor bathroom. The property also benefits from ample on-street parking.

Bishopton Lane is conveniently located within reach to Stockton Town Centre and offers excellent access to local shops, public transport routes and surrounding areas including Middlesbrough and Durham via the A19 and A66 road networks.

For more information and to arrange a internal inspection please contact the Stockton branch today.

Location

The Subject property is located along Bishopton Lane, Stockton-on-Tees, and is ideally located within reach to local, amenities, schools, shops and transport links.

Accommodation

The accommodation briefly comprises: Communal Kitchen, communal utility room, downstairs bathroom, upstairs bathroom and 6 bedrooms.

EPC

Available upon request

Council Tax

Band A

Tenure

Freehold

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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