Lot 4 - 8 Kingsway, Nuneaton, Warwickshire, CV11 5LP

  • Unconditional Online Auction Sale
  • Guide Price* : £165,000+
  • Bedrooms: 4
  • Bathrooms: 1
  • Reception Rooms: 1

A fully tenant four bedroom HMO under a five year lease producing £20,400 per annum

Description

• Freehold semi-detached property
• 4 bedroom HMO with a 5th room used as communal space
• Currently under a 5 year government backed lease with a rental income of £1,700 per month / £20,400 per annum
• Impressive 12.4% yield on guide price
• Tenants cover all bills
• Fixed lease income, turnkey investment

Location

Situated on the well-connected Kingsway in Nuneaton, the property benefits from convenient access via the A444 and M6. Providing direct routes to Nuneaton town centre, George Eliot Hospital, and Coventry city centre. Set within a well-established residential area, it is close to a range of local amenities including shops, schools, and parks, and is well positioned for access to major local employers and distribution hubs within the wider Warwickshire and Midlands region.

Transport links are provided by both Nuneaton and Bermuda Park Rail Stations.

Auctioneer Notes

Internal Images
Buyers should note that the internal images have been provided by the seller. These pictures were taken prior to the 5 year rental agreement starting. The auctioneers have not had the opportunity to view the property prior to marketing the property for auction.

HMO Compliance

- EICR
- Fire Risk Assessment
- Emergency Lighting Test
- Gas Safety Certificate
- PAT testing

Copies of these documents can be found within the legal pack

Tenancy Details

Lease dated 14th March 2025 for 5 years until 14th March 2030. Rental income £1,700 per calendar month in one month in arrears.

* 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.

Loading the bidding panel...

Financing

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

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

HMO X - VIBE Finance

Agreement Documents

Legal Documents

Log in to view legal documents

Related Documents

Make an Enquiry

Submit an enquiry and someone will be in contact shortly.

 
*  
*  
*
*
*

Share