Lot 48 - 16 Barry Road, Barry, CF63 1BA
Lot 48 - 16 Barry Road, Barry, CF63 1BA
Addendum
Withdrawn
Please note: Renovated to meet current HMO licensing standards.
Guide Price* : £180,000+
- Unconditional Online Auction Sale
- 5 Bedrooms
Lot 48 - HMO Investment opportunity
Description
ONLINE AUCTION from 30th AUGUST - 1st SEPTEMBER
A substantial freehold 5 bed ready to go HMO Investment property. Recently renovated to a high standard meeting all current HMO regulations. An ideal turn key investment, the property comes fully furnished and ready to let.
Property comprises 5 letting rooms, 2 of which are ensuite, plus an additional communal bathroom, kitchen and living room. Each letting room has the added feature of its own tea stand and fridge.
Situated within easy walking distance of Barry town centre and public transport links to Cardiff.
Anticipated rental income of £30,300 per year, 16.8% investment yield on guide price.
This is an ideal opportunity for a landlord wanting an investment ready to go in an area with a high demand for this type of accommodation.
VIRTUAL TOUR
Accommodation
Ground Floor: Entrance, 1 bedroom with en suite showeroom/w/c, Communal living room, kitchen/diner, rear lobby
First Floor: 3 bedrooms, shower room
Second Floor: 1 bedroom with en suite shower room/wc
Oustide: Rear yard with patio area
Council Tax Band
C
Tenancies
To be sold with vacant possession but should let for approx £30,300 per annum
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
Guide Price* : £180,000+
- Unconditional Online Auction Sale
- 5 Bedrooms
Lot 48 - HMO Investment opportunity
Viewing
Paul Fosh Auctions
Office Contact
Sean Roper
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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