LOT 12

18A Rutland Road, Ilford, Essex, IG1 1EN

FREEHOLD RESIDENTIAL INVESTMENT (HMO)
Result: Refer to auctioneer Guide price: £475,000 plus*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A two storey end of terraced house arranged as an HMO together with a rear outbuilding currently used as an office. Off Ilford Lane (A123) between Bedford Road and Dudley Road and adjacent to Cleveland Road Primary School. Ilford High Road, shopping centre and mainline station are all under ½ mile away.

Accommodation

First Floor: 2 rooms (both with en-suite shower/WC's)
Ground Floor: 2 rooms (both with en-suite shower/WC's)
Shared kitchen
Each room is subject to an AST at £650 pcm (excluding bills)
Rear Outbuilding/Annexe: Office with kitchen area, 2 rooms, bathroom/WC - VACANT

Note

The rear outbuilding provides potential for two more letting rooms (STP).

EQUIVALENT TO £31,200 p.a. PLUS VACANT OUTBUILDING/ANNEXE

EPC Rating

C

Status

Addendum

The current total rent is £29,700 P.A and not as stated.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.