6 bed terraced house for sale

Redcar Road, Guisborough TS14

Summary

For sale via online auction. Fees apply

For Sale: 6-Bedroom HMO - Redcar Road, Guisborough, North Yorkshire, TS14 6HR
This fully licensed, well-maintained 6-bedroom HMO in the heart of Guisborough offers a fantastic investment opportunity. Situated on the popular Redcar Road, the property is currently 50% occupied with stable, consistent rental income.

Current Rental Income:
Room 3: 520 pcm
Room 4: 563 pcm
Room 6: 520 pcm

The property has been carefully looked after, and the newly redecorated rooms boast a modern and appealing finish, ensuring high demand from prospective tenants.

Key Features:
6 spacious bedrooms, all with En- suites each providing ample living space
Fully licensed HMO
Excellent location near local amenities and transport links
Strong rental potential, with 3 rooms already generating steady income
Freshly redecorated rooms ready for immediate occupancy
This property is a great choice for investors looking to take advantage of a high-demand rental market in Guisborough. With minimal effort needed to fully occupy, it offers immediate cash flow and long-term capital growth potential.

For further information or to arrange a viewing, please contact us today!

Council Tax Band: C
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.