Lot 10 - 4 Reynolds Road, Corby, Northamptonshire, NN18 0SL

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

A fully tenanted 4 bedroom HMO let to working professionals producing £29,700 per annum

Description

• Freehold terraced house
• 4 bedrooms, 3 ensuite and 1 additional bathroom
• Large rear garden
• Communal kitchen
• Impressive gross yield of 17.9% on guide
• Current rental income of £2,475 per month / £29,700 per annum

Location

Situated on the well-connected Reynolds Road in Corby, the property benefits from convenient access via the A43 and A427. Providing direct routes to Corby town centre, Kettering General Hospital, and the University of Northampton. 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 across Northamptonshire and the wider Midlands region.

Transport links are provided by both Corby and Kettering Rail Stations.

HMO Compliance

- HMO Licence
- EICR
- Gas Safety Certificate
- EPC
- Fire Risk Assessment
- Fire Alarm Test

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 communal kitchen and private shower room Tenancy start date: 07/08/2024 £6,000
2 Ground Ensuite HMO room with access to communal kitchen Tenancy start date: 25/07/2024 £7,800
3 Edit Ensuite HMO room with access to communal kitchen Tenancy start date: 05/12/2024 £7,800
4 Edit Ensuite HMO room with access to communal kitchen Tenancy start date: 29/11/2024 £8,100

Vendors Solicitor
Stephen Abenson
0161 959 5000

* 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 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

Vendors Solicitor

Stephen Abenson
0161 959 5000

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