About this property
Key Features
Freehold subject to tenancies
Estimated Rental Value £56,400 pa
Off road parking
Victorian town house in need of updating/refurbishment
Description
A substantial Victorian town house in a popular city location, with flexible accommodation set over four floors, all in need of sympathetic improvement and updating.
The property is of brick construction beneath a pitched roof and is currently licenced as a successful House in Multiple Occupation with the accommodation arranged as follows:
Lower Ground Floor: Hallway with door to front and door to rear garden; Kitchen/Breakfast room with stainless steel worktops and MDF wall units; Bedroom with bay window; Bathroom with white wc, wash hand basin separate shower cubicle
Upper Ground Floor: Hallway; Bedroom 2; Bedroom 3; Bathroom with white wc, wash hand basin and shower cubicle; Separate Cloakroom with wc.
First Floor: Landing; Bedroom 4; Bedroom 5; Bedroom 6; Kitchen with stainless steel worktops and MDF wall units.
Second Floor: Bedroom 7 with access to eaves loft storage.
The gross internal floor area is approx. 172m² (1850ft²).
Outside: To the rear of the property is a small courtyard-style garden mainly paved and a single garage accessed from the rear.
EPC Rating D, Council Tax F
Tenure
Freehold subject to tenancies
Location
The property is ideally located approximately 200m from the range of shops and services that exist from the junction of Milton Road and Chesterton Road, and just under 1 mile to the south of Cambridge North train station.
Lot Type
Residential
Tenancies
The property is currently arranged as a House in Multiple Occupation with 7 rooms for 7 people. The current licence was granted on 11th January 2024, for 5 years. A new owner will have to obtain their own licence.
The property is currently producing a gross income of £49,200 per annum (see legal pack for schedule), with an ERV of £56,400pa. The vendor is responsible for council tax and services.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Jazib Hussain of DLS Law, Gloucester House, 399 Silvery Boulevard, Milton Keynes, MK9 2AH
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�