Sidmouth Street, HU5

Currently let to long-term tenants (14 years), this three-bedroom mid-terrace house provides an excellent opportunity for investors to purchase an oven-ready investment property in a popular location just off the vibrant Newland Avenue district.  The bay-fronted property benefits from uPVC double glazing and gas-fired central heating, and it also enjoys a south-facing rear garden.  The property currently produces a gross income of £5,400pa with room for further growth.  It would benefit from some refurbishment, redecoration and new floor coverings.

Location

Sidmouth Street is a very popular area and is handy for Hull University. The area boasts excellent amenities, including shops, bars, bistros and restaurants and is also a convenient travelling distance from Hull city centre. 

Accommodation

Ground Floor:  Porch, hall, living room, dining room, kitchen, store/utility.

First Floor: Landing, three bedrooms, bathroom with WC.

Outside: Front walled forecourt and rear good-sized garden with rear pedestrian access.

Tenure: Freehold.  Please refer to the legal pack for full details.  Possession is subject to the terms of the existing assured shorthold tenancy.

Services:  Mains water, electricity, gas  & drainage are believed to be connected.  None of the services have been tested.

Council Tax:  Council Tax is payable to Hull City Council. The house is shown in the Council Tax Property Bandings List in Valuation Band A.

Viewing:  Internal viewings will not be available on this property due to tenant privacy.

Solicitors: James Cranshaw of V C Law Ltd, 56 Tithebarn Street, Liverpool, Merseyside, L2 2SR

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 25th November 2024 and closing on Wednesday 27th November at 1.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

Additional Fees

The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) and a buyer’s premium of 1.2% of the hammer price (1% plus VAT) subject to a minimum of £900 (£750 + VAT) in addition to the purchase price of the property.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

Disbursements

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Online bidding

If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c