Sold prior to auction, for an undisclosed amount

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An extended and refurbished house arranged as a 5 bedroom / 5 bathroom HMO, let producing £34,800 pa*

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Description/Location

The house is situated in an established residential location convenient for the town centre and High Street Station, Watford General Hospital approx 500m. The property was extended and completely refurbished in 2017 to create a bespoke HMO, All rooms are en-suite with electric smart meters, rent guarantees are in place for rooms 2-5. In addition to the rent, income equivalent to £2000 pa is derived from smart meters and a coin operated washing machine.

Tenure

Freehold.

Local Authority

Watford Borough Council

Office Contact

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Ground Floor: Room 1 : periodic AST £6000 pa, Room 2: AST until 29/12/2020 £6900 with sole use of garden, kitchen. First Floor: Room 3: AST until 15/02/2021 £6300 pa, Room 4: AST until 04/01/2021 £7560 pa. Second Floor: Room 5: AST until 13/05/2021 £8040 pa. Extra income equivalent to £2000 pa via electric smart meters and washing machine. Energy Rating: D/68

Rent

Current Rent; £34,800 pa

Virtual Tour

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.