Lot 7 - 81 Empress Road, Loughborough, Leicestershire, LE11 1RH
- Unconditional Online Auction Sale
- Guide Price* : £330,000+
- Bedrooms: 7
- Bathrooms: 5
- Reception Rooms: 1
A fully tenanted seven bedroom, six bathroom HMO let to working professionals producing £44,940 per annum
Description
• Freehold mid-terrace tenanted HMO
• 7 bedrooms, 5 ensuite bathrooms and 1 shared bathroom
• Communal kitchen and reception room
• Benefits from a large rear garden
• Prime location with strong rental demand
• Current annual income of £44,940 per annum / £3,745 per month
• Impressive 13.6% yield on guide price
• Sui Generis planning permission in place
Location
Situated on the well-connected Empress Road in Loughborough, the property benefits from convenient access via the A6 and A512. Providing direct routes to Loughborough town centre, Loughborough University, and Loughborough Hospital. Set within a popular residential area near major employers, it is close to a range of local amenities including shops, schools, and parks.
Transport links are provided by both Loughborough and Barrow-upon-Soar Rail Stations.
Planning
Planning granted through Charnwood Borough council ref: P/19/0133/2 | (21-01-2019)
Change of use from House in Multiple Occupation (Use Class C4) to a Large House in Multiple Occupation (Use Class Sui Generis)
HMO Compliance
- HMO Licence
- EICR
- Fire Risk Assessment
- Building Regulations Certificate
- Emergency Lighting Test
- Fire Alarm Test Certificate
- Gas Safety Certificate
Copies of these documents can be found within the legal pack
Accommodation
| Room Number | Floor | Accommodation | Tenancy Info | Rent Per Annum |
|---|---|---|---|---|
| 1 | Ground | Ensuite HMO room with access to a communal kitchen and reception room | 6 month AST starting from 4th July 2024 | £6,900 |
| 2 | Ground | Ensuite HMO room with access to a communal kitchen and reception room | 6 month AST starting from 1st November 2024 | £6,900 |
| 3 | First | Ensuite HMO room with access to a communal kitchen and reception room | 6 month AST starting from 5th February 2024 | £5,940 |
| 4 | First | HMO room with access to a shared bathroom, kitchen and reception room | 6 month AST starting from 10th March 2025 | £5,100 |
| 5 | First | Ensuite HMO room with access to a communal kitchen and reception room | 6 month AST starting from 6th February 2026 | £6,900 |
| 6 | First | HMO room with access to a shared bathroom, kitchen and reception room | 6 month AST starting from 20th February 2025 | £6,600 |
| 7 | Second | Ensuite HMO room with access to a communal kitchen and reception room | 6 month AST starting from 1st September 2025 | £6,600 |
Vendors Solicitor
* 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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