Property: Reyland Johnson: Woodcroft property up for auction
Property / Sun 24th Sep 2023 at 10:54am
AUCTION Sale Lot 11 is this exceptional investment opportunity located in Harlow. This spacious 5-bedroom HMO is currently generating £43,200 per annum gross, inclusive of bills and requires modernisation throughout. This generously sized 5-bedroom HMO offers ample space for residents. Each room provides comfortable accommodation, ensuring consistent occupancy and steady rental income.
Located in Harlow, this property takes full advantage of the town’s excellent connectivity with major roadways, including the A414 and junction 7 of the M11 motorway. The town also benefits from two mainline train stations, making travel effortless. Tottenham Hale can be reached in a mere 17 minutes, while London Liverpool Street is just a 31-minute journey away. With the current rental income of £43,200 per annum (inclusive of bills), this property presents a fantastic opportunity to maximise your return on investment.
Additionally, the potential for further modernisation can enhance its value and profitability. While the property requires modernisation throughout, this presents a unique opportunity for those looking to add their personal touch and increase its market value. Customise the space to meet the needs and preferences of future tenants.
The property is already licensed, saving you time and effort in navigating the regulatory requirements for HMOs.Accommodation: The property consists of: Entrance Hall, Reception Room, Kitchen, 3 Bedrooms and a Shower Room on the Ground Floor and 2 Bedrooms, Dressing Area, Shower Room and Bathroom on the First Floor.
Auction Details: The lot is to be sold by online auction on Wednesday 11th October at 4:00pm (bidding opens on Wednesday 11th October at 12pm) / my-auction.co.uk (LOT 11)
Please note that a Buyer’s Premium of 1.25%+VAT of the purchase price is to be paid by the successful Buyer subject to a minimum fee of £3,000+VAT.
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