5 bedroom House of Multiple Occupation in Leicester

8 Lincoln Street, Leicester, Leicestershire LE2 0JT
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Variable Fee

Guide Price* £270,000+ plus fees

Property Description

A substantial, 3 storey, HMO property situated in a highly desirable location. The property has a HMO license for 5 rooms arranged over 3 floors. It is well presented throughout and benefits from gas central heating and UPVC double glazing. Extremely large room sizes along with cellar and large loft space, which offer scope to add ensuites, convert to studios or add further bedrooms, subject to required consents. Offered let at £2800 pcm / £33,600 per annum. Well placed for the City Centre, Train Station and both University of Leicester and DeMontfort University. The property has an excellent and long letting history.

Ground Floor

Hallway, Dining Kitchen, Bedroom 1, Bedroom 2


Cellar

Large cellar space offering scope for conversion stp.


First Floor

Landing, Bedroom 3, Bedroom 4, Bathroom, Shower Room


Second Floor

Bedroom 5, further large loft space


Conservation Area

We have been made aware this property is in the South Highfields conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.


Flood Risk

Rivers and Seas No Risk. Surface Water Medium


Mobile Phone Coverage

O2, EE, Three and Vodafone are available in this location.


Satellite and Cable TV Availability

BT, Sky and Virgin are available in this location.


Broadband (estimated speeds)

Standard 18 mbps. Ultrafast 1000 mbps.


Construction Material

Solid brick, as built, no insulation (assumed). Information taken from EPC.


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 30th January 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

8 Lincoln Street, Leicester, Leicestershire LE2 0JT