- Sale by modern auction (t&cs apply)
- Subject to an undisclosed reserve price
- Buyers fees apply
- Fully licensed hmo property
- Five double bedrooms
- Four shower rooms
- Fully furnished - all fixtures & fittings
- South facing garden read more show less
ATTENTION INVESTORS! Fox & Sons present to the market this five bedroom licensed HMO property in the popular central Eastleigh location. This FULLY TENANTED well-established HMO achieves £2800 PCM, with professional tenants. Situated perfectly in a high demand rental area. The property is within walking distance to Eastleigh town centre, train stations, The Swan Centre, the airport and other routes of transport such as the M27 and bus stops making it perfect for someone that commutes! On the ground floor, there are two double bedrooms that both have access to their own private bathroom. As well as this, there is a fully equipped kitchen that is available to use by all of the tenants. A lean-to area has been added to the property to create a bit of extra space which gives you flexible reception areas! This leads into the sunny south facing garden which keeps the house warm and cosy during the winter times and brings a lot of light throughout the home! On the first floor, there are three more double bedrooms. One with a private en-suite shower room leaving only two tenants to share a bathroom making this property extremely popular for working professionals requiring high-standard modern co-living. This property has the potential to be licenced by Eastleigh Borough Council for 7 occupants or extend into the roof (subject to regulations) making a 6 bed HMO for investors to develop further! CALL NOW TO ENQUIRE!
Auctioneer's CommentsThis property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
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LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 2.072% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN IN, CORRECT AT JANUARY 2022.
A BROKER FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.