Terraced house for sale in Spring Hill Road, Accrington BB5

Buy to let - sold with sitting tenant - 11% yield - current rent £550 pcm - sold via modern method of auction

Spring Hill Road is currently tenanted and is being sold with a sitting tenant who pays £550 pcm making an incredible 11% yield on its current guide price. The property is fully managed through Hunters.

The property briefly comprises of; an entrance vestibule, front lounge, sitting room and kitchen. To the first floor there are two bedrooms and a three piece bathroom. Please note photos taken pre-tenancy.

Auctioneers Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.