A four-bedroom, one-bathroom mid-terrace house located just off Clough Road. The property is generally in very good condition but would benefit from some minor refurbishment works, the extent of which is to be decided by the purchaser. The property is located in a quiet side street close to the University, and as such it is well-placed to continue as a successful investment for years to come.
The property is fully let as an HMO with two tenants on a joint tenancy, and the third and fourth are on individual tenancies – all are fixed through to 30th August 2024. It is now also being marketed for the 1st September 2024 academic year. Being sold as a going concern, the buyer will purchase this ready made investment complete with tenants and furnishings (sold as seen).
The property is a traditional mid-terraced fore-courted property, located on a pedestrian walkway at the bottom of a cul-de-sac.
Built with red brick and featuring a ground floor bay window the property was constructed with consideration to aesthetics and design there are curved decorative bricks running access the top of the front facade with the guttering positioned behind. 2 Savannah Avenue differs from the other properties on the avenue due to it having the extra space at first floor level over the passage that provides access to the rear.
Inside the accommodation comprises of entrance hall, a double bedroom with a bay window overlooking the front fore-courted garden, a communal lounge leading through to the recently refurbished kitchen and bathroom, and rear access beyond. The first floor is taken up with three further bedrooms.
The colour scheme throughout provides a wonderfully warm, welcoming, and homely feel. The kitchen is the focal point with off-white units and warm wooden worktops complimented by accents of pale blue.
The property is heated via an ‘Ideal’ gas combi-boiler, benefits from being fully UPVC double-glazed, and has a Grade D interlinked fire detection system.
Externally the plot is of a good size (approx 0.027 acres) with boundered forecourt to the front, concrete yard to the rear, and shared access to the side by means of pedestrian gated alleyway.
The property sits within an Article 4 area which prevents the conversion of C3 (residential dwellings) into C4 HMO’s without planning permission, due to the cap on new supply the demand for these properties has gone up significantly, and as such the values are strong. This property was converted prior to the implementation of the A4 and the seller can provide supporting evidence.
As the HMO has under 5 occupants no HMO Licence is required at present. Being an HMO the property has been installed with a Grade D – mains interlinked fire detection system with battery back up. Thumb turn locks on exit doors and amenity standards sufficient for the number of occupiers.
Buyers premium of £4,800 inc VAT is payable upon completion. Non refundable reservation fee of £1,500 plus VAT which is deducted from the buyers premium is due upon sale agreed.
