Auction Property 6 Bed House Of Multiple Occupancy 

Daubney Street, Cleethorpes

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Features

  • Auction Date: 21st & 22nd August 2019
  • Ready-made investment property
  • Large end-terrace HMO
  • Six good sized bedrooms
  • Well-presented throughout
  • Approximately 129 m2 / 1,388 sq. ft. (taken from EPC)
  • Current income of £27,820 per annum
  • Current gross yield of 20.61%
  • Close to Grimsby town centre
  • Excellent transport links

Quick Details

6 Bedrooms1 Reception2 Bathrooms

Address

74 Daubney StreetCleethorpesLincolnshireDN35 7NL
Details
EPC
Map
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Property Details

•For Sale By Online Auction – 24th & 25th July 2019
•Guide Price: £135,000+
•Six Bedroom Income Producing HMO
•Tenanted: £27,820 per annum, 20.61% Gross Yield
•Freehold

•For Sale By Online Auction – 21st & 22nd August 2019
•Guide Price: £135,000+
•Six Bedroom Income Producing HMO
•Tenanted: £27,820 per annum, 20.61% Gross Yield
•Freehold

The property comprises accommodation arranged over two storeys. The accommodation consists of an entrance porch, entrance hall, large bay fronted bedroom with feature fireplace, a second bedroom with feature fireplace, sunroom which is currently being used as a lounge, large kitchen and a shower room to the ground floor. The kitchen/ dining room is fitted with modern high shine base and eye level units with wood-effect work surfaces, integrated gas hob oven with fan extractor over, part tiled walls and stainless-steel sink.

The first floor boasts four well-proportioned bedrooms and a bathroom. Each bedroom to the first-floor benefits from wooden effect flooring and spacious living area. The bathroom includes a three-piece suite with a large shower cubicle with glass door and tiling to the walls.

Externally, the property benefits from a large corner plot with a rear courtyard area and detached garage. There is on street parking available within the vicinity.

Accommodation

Total – Approx. 129 m2 / 1,388 sq. ft
(Measurement taken from the EPC).

Services

We understand the property to have mains gas, electricity, water and drainage. However, interested parties are advised to carry out their own investigations.

Tenure

Freehold

Investment Analysis

The property is fully occupied and let on a room by room basis, producing a total income of approx. £2,318 pcm (£27,820 per annum). This represents a gross yield of 20.61% based on the guide price.

Please Note: The property is licenced as a five bedroom HMO, the sixth bedroom is let to a contractor and as it is not his permanent residency this does not come under the regulations.

Council Tax

The property is rated in Council Tax Band A. Council Tax payable (2019/2020) is approximately £1,236.

Guide Price

£135,000+

VAT

VAT is not applicable.

Buyer’s Premium

2% (min. £3,600) inc. VAT.

Viewings

Viewings by appointment only. Please contact John Pye Property on 0115 970 6060 or email property@johnpye.co.uk to arrange an appointment.

Sell Your Property

If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion
•Monthly auctions

Please Note

Draft details awaiting approval

Energy Performance Certificates

Location Map

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