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£350,000 Guide Price
Bedrooms
Bathrooms
New to the market with Whitegates is are these two five-bedroomed HMOs, offered via the Modern Method of Auctionan ideal, ready-made investment opportunity.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of 6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase.
Whitegates are delighted to introduce to the market not one, but two substantial five-bedroom HMO properties, each presented via the Modern Method of Auction. Offering secure and attractive investment opportunities, both turnkey homes have been thoughtfully renovated throughout and are fully prepared for immediate tenant occupation upon completionperfect for investors seeking ready-made additions to their portfolio with strong rental potential.
Each property has undergone a comprehensive programme of refurbishment, resulting in modern finishes, tasteful dcor and layouts designed to maximise both comfort and practicality. Upgraded fixtures, fittings and contemporary styling ensure long-term appeal for prospective tenants, reducing void periods and supporting reliable returns. Every aspect has been carefully considered to enhance ease of management and multi-occupancy living.
Externally, both homes benefit from permit parking to the front, providing convenient access for residents. Each property also offers a tidy patio area, creating a pleasant, low-maintenance outdoor space.
Inside, every property features a welcoming entrance hall that leads through to a well-proportioned lounge, ideal for communal living. The modern kitchen diners offer generous workspace and dining areas, perfectly suited for shared accommodation. The lower ground floors provide added practicality with a hall area, dedicated utility room and additional shower roomhighly valuable for busy HMO environments. Bedroom one is also situated on this level, offering flexibility in tenant arrangement.
To the first floor of each property, a spacious landing provides access to two double bedrooms, each thoughtfully decorated and well sized. The main shower rooms are located on this floor, finished with contemporary fittings and designed for comfort and durability. The top floors feature an additional landing area leading to the final two double bedrooms, completing the well-balanced and spacious layouts.
Across both properties, all bedrooms are generous doubles, and the internal footprints offer an impressive sense of space over multiple levels. Designed with both practicality and style in mind, these homes present outstanding opportunities for seasoned landlords as well as those wishing to enter the HMO market with confidence.
An internal inspection of both properties is strongly recommended to fully appreciate the scale, condition and investment potential on offer.
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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