Home Buyers Londonderry Road, Stockton-on-Tees, TS19
Property Unavailable
Guide Price £225,000

17 Bedrooms

3 Bathrooms

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Key Features

  • An Amazing & Unique Investment Opportunity to Purchase This One Off Substantial Detached Property
  • Been Used by The Current Vendor, Over A Long Period of Time, As A Homeless Shelter
  • The Property Itself Has the Accommodation Spread Over Three Floors & Consists Of 17 Bedrooms Plus a Dining Room, Kitchen, Garages & Gardens
  • Photo Of Floor Plans Are Attached but To Fully Appreciate What Is on Offer an Internal Viewing Is Highly Recommended
  • The Reason for Sale Is Retirement, However When Fully Occupied the Property Has Been Generating a Rental Income of Approx. £362 Per Month Per Room Plus an Extra £120 Per Room for Food

Property Description

*** For Sale By Auction *** LIVE ONLINE AUCTION *** Monday 31st January 2022 *** Option 1 *** www.agentspropertyauction.com

A unique investment opportunity to purchase this one off substantial detached property which has been used by the current vendor over a long period of time as accommodation for the homeless. The property itself has the accommodation spread over three floors and consists of 17 bedrooms plus a dining room, kitchen, garages, and gardens. Photo of floor plans are attached but to fully appreciate what is on offer an internal viewing is highly recommended. The reason for sale is retirement and we have been verbally advised that the property has been generating an income of approx. £362 per month per room plus an additional £120 per room for food. On these figures the accommodation alone could generate circa £6,154 per month and £73,848 per annum.

Tenure - Freehold

Council Tax Band - to be confirmed.

Auction House DisclaimerNone of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this.

DisclaimerEach auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £1,000 +vat (total £1,200) Auction Administration Fee.

Disclaimer 3A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase. Details awaiting vendors approval.

TenureFreehold

Council Tax Bandto be confimed.

Location

Stamp duty due

Based on a sale price of £225,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.