Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £135,000.
Fully let 4-room HMO – ideal turnkey investment
£1,820 PCM rental income – £21,840 per annum
HMO compliant, fully licensed
Tenants on ASTs providing stable and consistent occupancy
Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £135,000.
Courtney Downing Estates are pleased to present this excellent investment opportunity in Telford – a fully licensed and income-generating 4-room House in Multiple Occupation (HMO), currently fully let and producing a strong rental income of £1,820 per calendar month (£21,840 per annum). The property offers four spacious letting rooms, shared kitchen and bathroom facilities, and has been well maintained throughout. Located in a popular residential area with excellent access to transport links, local amenities, and key employment hubs, this property is ideally suited to professional tenants. All tenants are on Assured Shorthold Tenancies (ASTs), and the property is fully compliant with current HMO regulations, making it a true turnkey investment with immediate income potential. This is a fantastic opportunity for both seasoned landlords and new investors looking to secure a high-yield, low-maintenance asset in one of the region’s most accessible and in-demand rental markets.
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and
are referred to below as ‘The Auctioneer’.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction
terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The
Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being
shared between both any marketing agent and The Auctioneer in order that all matters can be dealt
with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will
be required to adhere to a verification of identity process in accordance with Anti Money Laundering
procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with
the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied
by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will
typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold
prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains
details relevant to the legal documentation enabling all interested parties to make an informed
decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’
commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding
with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts
the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the
purchase price of the property. The deposit will be a contribution to the purchase price. A non
refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also
required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed
purchase price and consideration should be made by the purchaser in relation to any Stamp Duty
Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to
pass their details to third party service suppliers, from which a referral fee may be obtained. There is
no requirement or indeed obligation to use these recommended suppliers or services.
Council Tax Band: A
Tenure: Freehold
Parking options: Driveway, Garage
Garden details: Private Garden
Front Garden
Driveway leading to garage access, gravel patch on the right with a path leading to front door.
Entrance hall
Stairs to landing, front facing double glazed window, doors to bedroom 1, toilet, kitchen diner and storage cupboard.
Kitchen/diner w: 2.65m x l: 7.21m (w: 8′ 8″ x l: 23′ 8″)
Range of wall and base units, sink and drainer with mixer tap, integral oven, hob and extractor hood, front facing window, work surfaces, plumbing for washing machine, rear facing double glazed door to garden, double radiator.
Downstairs wc
Low flush WC, wall mounted wink and tap set, tiles to splash area, front facing double glazed window.
Bedroom 1 w: 3.77m x l: 4.56m (w: 12′ 4″ x l: 15′ )
Rear facing window, fire place and surround, double radiator.
Landing
Landing, doors to bedroom 2, 3 and 4, door to wet room and storage cupboard.
Wet Room
Thermostatic shower set with rail curtain, low flush WC, wall mounted sink with mixer tap, front facing window, radiator.
Bedroom 2 w: 3.51m x l: 3.82m (w: 11′ 6″ x l: 12′ 6″)
Rear facing double glazed windows, radiator.
Bedroom 3 w: 2.65m x l: 3.57m (w: 8′ 8″ x l: 11′ 9″)
Front facing double glazed window, radiaor.
Bedroom 4 w: 2.65m x l: 4.48m (w: 8′ 8″ x l: 14′ 8″)
Rear facing double glazed window, radiator.