Lot 2 - 7 Princes Road, Wisbech, Cambridgeshire, PE13 2PG

  • Unconditional Online Auction Sale
  • Guide Price* : £180,000+
  • Bedrooms: 5
  • Bathrooms: 2
  • Reception Rooms: 1

A fully tenanted five bedroom, two bathroom HMO producing £31,104 per annum

Description

• Freehold semi-detached house
• 5 bedroom, 2 bathroom fully tenanted HMO
• Communal kitchen and dining space
• Benefits from a rear garden
• Fully tenanted with rental income of £31,104 per annum
• Impressive 17.2% gross yield on guide price

Location

Situated on the well-connected Princes Road in Wisbech, the property benefits from convenient access to the A47. Providing direct routes to Wisbech town centre, Peterborough, and King’s Lynn. Set within a popular residential area, it is close to a variety of local amenities including shops, schools, and green spaces such as Wisbech Park.

Transport links are provided by March Railway Station.

Auctioneer Notes

Internal Images
Buyers should note that the internal images have been provided by the seller. These pictures were taken prior to the property being tenanted. The auctioneers have not had the opportunity to the property prior to marketing the property for auction.

HMO Compliance

- HMO Licence
- Gas Safety Certificate
- EICR

Copies of these documents can be found within the legal pack

Accommodation

Room Number Floor Accommodation Tenancy Info Rent Per Annum
1 Ground HMO room with access to shared bathroom and communal kitchen 12 month AST starting from 25th July 2025 £6,760
2 Ground HMO room with access to shared bathroom and communal kitchen 6 month AST starting from 29th September 2023 £6,240
3 First HMO room with access to shared bathroom and communal kitchen 6 month AST starting from 1st June 2025 £6,768
4 First HMO room with access to shared bathroom and communal kitchen 6 month AST starting from 11th September 2025 £6,240
5 First HMO room with access to shared bathroom and communal kitchen 6 month AST starting from 15th March 2022 £5,096

Vendors Solicitor
Andrew Geddes
01638 661116

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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Financing

Looking to purchase at auction but need the right finance in place? We’ve partnered with Roma Finance to help our buyers secure fast and flexible funding solutions tailored for HMOs.

Get in touch with Roma Finance today to explore the best financing options for your next HMO purchase

HMO X - Roma Finance

Vendors Solicitor

Andrew Geddes
01638 661116

Agreement Documents

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