7 Bed Terraced House For Sale Bath Street, Southport, PR9
£300,000- Terraced
Auction Property
1 of 8
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 17th April 2024
Description
FOR SALE BY ONLINE AUCTION 15TH MAY 2024:
A substantial HMO investment opportunity available here with seven en-suite bedrooms, three kitchens, ground floor communal space, garden and parking. With a very attractive rental income and a compliment of tenants in situ, the return per annum currently sits at £45,600 (based on full capacity). Of note, the properties to either side of #23 have had permissions to extend – with similar permissions being granted here, there is potential to bring the property to a 9 bed HMO.
\rACCOMMODATION
Ground Floor: Entrance hallway leading to two en suite bedrooms, communal sitting room and on to fitted kitchen with access to rear yard and basement.
First Floor: Split landing off to three en suite bedrooms and fitted kitchen
Second Floor: Split landing off to two en suite bedrooms and fitted kitchen
LOCATION
Bath Street is central to Southport Town and is therefore within walking distance of local shops, bars, restaurants, and train station, and of course, the marina and beach.
Tenure: Freehold
Council Tax Band: D
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1800 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
A substantial HMO investment opportunity available here with seven en-suite bedrooms, three kitchens, ground floor communal space, garden and parking. With a very attractive rental income and a compliment of tenants in situ, the return per annum currently sits at £45,600 (based on full capacity). Of note, the properties to either side of #23 have had permissions to extend – with similar permissions being granted here, there is potential to bring the property to a 9 bed HMO.
\rACCOMMODATION
Ground Floor: Entrance hallway leading to two en suite bedrooms, communal sitting room and on to fitted kitchen with access to rear yard and basement.
First Floor: Split landing off to three en suite bedrooms and fitted kitchen
Second Floor: Split landing off to two en suite bedrooms and fitted kitchen
LOCATION
Bath Street is central to Southport Town and is therefore within walking distance of local shops, bars, restaurants, and train station, and of course, the marina and beach.
Tenure: Freehold
Council Tax Band: D
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1800 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
Agent Details
Venmore
Prospect House, Columbus Quay, Liverpool L3 4DB
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.