House of Multiple Occupation in Dudley
153 Stourbridge Road, Dudley DY1 2EP
- Property Type: House of Multiple Occupation
- Contract Type: Unconditional with Variable Fee
Guide Price* £250,000+ plus fees
Property Description
A freehold 12 bed licenced HMO recently refurbished to a high standard within a popular location with parking to the front. Current rent passing is £64,320 per annum giving 25% yield, based on the current guide price. RENT SCHEDULE: Room 1 - 6 Month Assured Shorthold Tenancy ending 29/10/24 at £398 per calendar month. Room 2 - 6 Month Assured Shorthold Tenancy holding over at £398 per calendar month. Room 3 - 6 Month Assured Shorthold Tenancy holding over at £398 per calendar month. Room 4 - 6 Month Assured Shorthold Tenancy holding over at £400 per calendar month. Room 5 - 6 Month Assured Shorthold Tenancy holding over at £398 per calendar month. Room 6 - 6 Months Assured Shorthold Tenancy ending 04/12/24 at £495 per calendar month. Room 7 - 6 Month Assured Shorthold Tenancy ending 04/12/24 at £495 per calendar month. Room 8 - 6 Month Assured Shorthold Tenancy holding over at £398 per calendar month. Room 9 - 6 Month Assured Shorthold Tenancy holding over at £495 per calendar month. Room 10 - 6 Month Assured Shorthold Tenancy ending 04/12/24 at £495 per calendar month. Room 11 - 6 Month Assured Shorthold Tenancy holding over at £495 per calendar month. Room 12 - 6 Month Assured Shorthold Tenancy ending 04/12/24 at £495 per calendar month. TOTAL COMBINED INCOME: £5,360 per calendar month Interested parties are advised to inspect the legal pack for more information prior to placing their bid, as this will be binding. The property is located in Dudley, close to several schools, local amenities and within walking distance to the Russell Hall Hospital. There are several nearby bus links to Merry Hill Shopping Centre, Wolverhampton and Birmingham.
Tenancy Details
Please Note: The auctioneers have not had sight of the tenancy agreements. We are informed by the seller that the rents include Council tax, water rates, gas for communal heating and hot water and electric for communal areas.
Building Construction
Cavity wall, as built, no insulation (assumed) -Taken from EPC.
Broadband
Standard 12 mbps and Ultrafast 1000 mbps are available in this location
Mobile Signal
EE, O2, Vodaphone and Three are available in this location.
Satellite and Cable TV Availability
Sky, Virgin and BT are available in this location.
Tenure
Freehold
- 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.
Auction Details
Date 10th December 2024
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454