Lot 11 - 193 May Street, Basingstoke, Hampshire, RG21 7RX

  • Unconditional Online Auction Sale
  • Guide Price* : £400,000+
  • Bedrooms: 5
  • Bathrooms: 3
  • Reception Rooms: 1

A fully tenanted five bedroom HMO let to working professionals producing £45,780 per annum

Description

• Freehold semi-detached tenanted HMO
• 5 bedrooms, 3 bathrooms, 1 bedroom with ensuite bathroom
• Communal kitchen, dining space and reception room
• Benefits from a large driveway with parking spaces
• Rental income of £3,815 per month / £45,780 per annum
• Representing a 11.4% yield on guide
• Sui Generis planning permission in place

Location

Situated on the well-connected May Street in Basingstoke, the property benefits from convenient access via the A339 and A3010, as well as the M3 to London or Southampton. The property benefits from an 8 minute pedestrian path walk to Basingstoke town centre and is ideally located for Basingstoke and North Hampshire Hospital, and the University of Winchester. There are also excellent commuter links, with direct rail services to London Waterloo in 45 minutes. Set within a well-established residential area, it is close to a range of local amenities including shops, schools, and parks.

Transport links are provided by both Basingstoke and Hook Rail Stations.

Planning

Planning granted through Basingstoke and Dean Council: Ref 14/02937/FUL | (01-10-2014)

Change of use from dwellinghouse (C3) to house of multiple occupation (sui generis). Installation of window to east elevation, alterations to access, parking and provision of refuse storage

HMO Compliance

- Gas Safety Certificate
- Planning Approval
- EICR (Electrical Installation Condition Report)
- Fire Risk Assessment
- HMO Licence
- Fire Alarm Test Certificate

Copies of these documents can be found within the legal pack

Accommodation

Room Number Floor Accommodation Tenancy Info Rent Per Annum
1 Ground HMO bedroom with access to communal kitchen, reception room and bathroom 6 month AST starting from 1st September 2025 £13,140
2 Ground HMO bedroom with access to communal kitchen, reception room and bathroom 6 month AST starting from 1st January 2026 £9,000
3 First Ensuite HMO room with access to communal kitchen and reception room 6 month AST starting from 28th September 2024 £8,400
4 First HMO bedroom with access to communal kitchen, reception room and bathroom 6 month AST starting from 1st April 2023 £7,740
5 First HMO bedroom with access to communal kitchen, reception room and bathroom 6 month AST starting from 7th June 2025 £7,500

Vendors Solicitor
Sham Michael
02032920669

* 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

Sham Michael
02032920669

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