6 bedroom House of Multiple Occupation in Leicester

14 Walnut Street, Leicester, Leicestershire LE2 7LD
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Variable Fee

Guide Price* £285,000+ plus fees

Property Description

A substantial 6 bedroom HMO property in a prime letting location. The property offers accommodation over 3 floors with a total of 6 letting rooms. The main house offers 5 bedrooms and 2 bathrooms and there is a studio room to the top floor with en-suite and kitchenette. Currently offered with 5 out of 6 rooms let and an income circa £33,000 per annum. Income when fully let is £39,540 per annum. Offered in a great letting location opposite Leicester Royal Infirmary Hospital and DeMontfort University. The property is in good order through and benefits from GCH and UPVC double glazing along with up to date gas and electrical certificates, wired in smoke alarms and HMO license. An ideal investment with potential NET returns of 12% and an income from day one.

Ground Floor

Hallway, Lounge, Dining Kitchen, Bedroom 1, Bedroom 2, Shower Room 1, Shower Room 2


Second Floor

Landing, Bedroom 3, Bedroom 4, Bedroom 5


Second Floor

Studio Room comprising Lounge / Bedroom / Kitchenette, EnSuite Shower Room


Outside

Enclosed low maintenance garden to rear.


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 16 mbps. Superfast 80 mbps. Ultrafast 1000 mbps


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

14 Walnut Street, Leicester, Leicestershire LE2 7LD