Marston Road, STAFFORD, Staffordshire, ST16 3BS
Martin & CoMartin & Co Auctions is a trusted property auction service, backed by over 30 years of expertise in sales, lettings, and investments. As part of a national network of independently-owned branches, they provide a seamless and efficient way to buy and sell properties. With a strong focus on customer service and market knowledge, Martin & Co ensures a smooth auction experience for buyers and sellers alike.
Read more Read moreKey features Excellent Investment Opportunity Four spacious Rooms Additional Apartment to the Front En-suites Kitchenettes Communal Kitchen Close to Town Centre Close to Local Amenities Great Commuting Links Modern Method of Auction Description REAR ACCESS Accessed from Abbots Walk, the rear of the property offers direct entry to four well-appointed HMO rooms, providing convenient and private accommodation for tenants. ADDITIONAL INFORMATION This versatile investment property, formerly operated as a care residence licensed by the local authority for 13 years, bringing £36,000 income in per year with an over 10% return. This property is equipped to be a HMO offering excellent rental potential. The main residence features four spacious en-suite rooms, each with its own living and sleeping area, and a shared communal kitchen. In addition, a self-contained flat at the front of the property includes a private kitchen/living space, bedroom, and wet room, and will be sold with a tenant in situ. The property offers a strong potential rental income of approximately £3,050 per month, making it an attractive opportunity for investors seeking immediate returns. Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
