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86 Toller lane Bradford West Yorkshire BD8 9DA

Monday - Friday: 09:00 - 17:00 Saturday 10:00 - 16:00

Ex HMO for Sale on Grove Terrace, Bradford, BD7 8 bedroom mid terraced house For Sale in Bradford

Offers invited £265,000
Property reference: TOL-1HWD135QJ7E
Photograph 5
 - Photograph 5
Bedroom1/living room 1
 - Bedroom1/living room 1
Bedroom2/living room 2
 - Bedroom2/living room 2
Dining Kitchen
 - Dining Kitchen
Entrance Hall
 - Entrance Hall
Stair case to F/Floor
 - Stair case to F/Floor
First Floor Bedroom 3
 - First Floor Bedroom 3
Shower Room 1
 - Shower Room 1
Shower Room 1 Pic 2
 - Shower Room 1 Pic 2
First Floor Bedroom 4
 - First Floor Bedroom 4
First Floor Bedroom 4 pic 2
 - First Floor Bedroom 4 pic 2
Second Shower Room 2
 - Second Shower Room 2
First Floor Bedroom 5
 - First Floor Bedroom 5
First Floor Bedroom 6
 - First Floor Bedroom 6
Second Floor Stairs/landing
 - Second Floor Stairs/landing
Second Floor Stairs/landing
 - Second Floor Stairs/landing
Second Floor Bedroom 7
 - Second Floor Bedroom 7
Second Floor Bedroom 7
 - Second Floor Bedroom 7
Second Floor Bedroom 8
 - Second Floor Bedroom 8
Photograph 35
 - Photograph 35
Photograph 2
 - Photograph 2
Photograph 1
 - Photograph 1

Property overview

Introduction

**Ex 8 BED HMO in need of Some Modernisation** ***For Sale by Modern Method Auction*** Your Choice Estate Agents are please to offer to the market as offering the property as single room let in past as post graduate student or as a vacant possession as large 6 bedroom mid terraced property benefiting from gas central heating and double glazing. The living accommodation briefly comprises; Entrance hall, Two living rooms, one being with bay Window, Separate dining Kitchen and door leading to the rear garden. Three first floor bedrooms , Two bathroom and Three large attic dormer bedrooms. To the outside of the property there is a front garden and average size garden to the rear. Viewing recommended to grab the real bargain as HMO.

Description

***For Sale by Modern Method Auction***

Your Choice Estate Agents are please to offer to the market as **Ex 8 BED HMO in need of Some Modernisation** offering the property as single room let in past as post graduate student or as a vacant possession as large 6 bedroom mid terraced property benefiting from gas central heating and double glazing. The living accommodation briefly comprises; Entrance hall, Two living rooms,  one being with bay Window, Separate dining Kitchen and door leading to the rear garden. Three first floor bedrooms , Two bathroom and Three large attic dormer bedrooms. To the outside of the property there is a front garden and average size garden to the rear. Viewing recommended to grab the real bargain as HMO.


***Rental Income Guide***

Average rent per room according to the Spare room website as below £100 to £125pw x 8 rooms = £800 x 52 = £41600- £52000 Approx. gross rental income when fully let

!!!!!This is guide only and must not be taken as exact figures or amount, Please do your maths and stress test!!!!!

https://www.spareroom.co.uk/flatshare/bradford

***example***

Property purchase costs £275,000.00 Approx.

Monthly rent £4,333.00 Approx.

 Annual costs £12,000.00 Approx.

Gross Rental Yield 18.91% Approx.

Net Rental Yield 14.54% Approx.

Gross Rental Yield 18.91%

Net Rental Yield 14.54% 

https://www.landlordvision.co.uk/rental-yield-calculator.html

!!!!!This is guide only and must not be taken as exact figures or amount, Please do your maths and stress test!!!!!


Property comprises of.

A good size 6-8 bedroom HMO or as a family home previously rented as single room per tenant at good rental as being opposite to the University of Bradford . Set in the heart of University area with access to good and varied local shops and schools. There are good transport links in and out of Bradford City Centre leading to the motorway.

Ground floor.

Entrance 

Entrance hall with the original staircase and plaster coving. Burglar alarm & fire alarm control panels. Central heating radiator.

Bedroom1/Living Room 1

Offering Original floor boards  with radiator leading to the Large uPVC bay window. 

Bedroom2/Living Room 2

Bedroom two Window to the rear and a central heating radiator.

Separate Dining Kitchen

Comprising of solid wall and floor kitchen units offering excellent storage facilities and workspace, with gas hob and electric oven, stainless steel sink and plumbing for washer.

Lower Floor 

Stair leading to the Lower ground floor Hallway with radiator. The basement is ideal space to be converted for 9th and 10th bedroom subject to planning/Building regulations. 

Stairs/Landing

Solid stair case leading to the two floors and bathroom's

FIRST FLOOR LANDING

First floor Large landing area with useful under-stairs storage cupboard and stairs off to the second floor.

Shower room

Shower cubicle, low flush WC and a pedestal wash basin with UPVC window.

Bathroom

Having a three piece suite comprising of a corner panel enclosed walk-in shower, wash basin and low flush w.c, central heating radiator and part tiled walls.

Bedroom 1 .

Having a window to the front elevation, central heating radiator.

Bedroom 2 .

Having a window to the rear elevation, central heating radiator

Bedroom 3 .

Having a window to the front elevation, central heating radiator.

Stairs/Landing

Solid stair case leading to the top floor.

SECOND FLOOR LANDING

Having doors to the three bedrooms and stairs to the attic rooms.

Bedroom 4 

Having a full dormer window to the front elevation, central heating radiator.

Bedroom 5 

Having a full dormer window to the rear elevation, central heating radiator.

Bedroom 6

Having a full dormer window to the rear elevation, central heating radiator.

Garden's

To the front of the property there is a garden. To the rear the garden with access from rear service road.

For Room Sizes Please see floor plan Attached

TENURE: FREEHOLD

COUNCIL TAX BAND. C .....£1,719.49 Per year

EPC RATING E

https://find-energy-certificate.service.gov.uk/energy-certificate/8196-7326-4290-9524-9996

***Rental Income Guide***

Average rent per room according to the Spare room website as below £100 to £125pw x 8 = £800 x 52 = £41600 Approx. gross rental income when fully let 

https://www.spareroom.co.uk/flatshare/bradford

Need More Information

For further information or to speak to one of our team, please call 01274 493333. or email us on info@ycea.co.uk

VIEWING ARRANGEMENTS

Strictly by prior telephone appointments with Your Choice estate agents.

Opening hours Monday to Thursday 09.00am -05.30pm

Friday 09.00am -01.00pm and .03.00pm-05.00pm Saturday 10.00am -04.00pm

Are you thinking of selling or even letting your property!

Call us today on 01274 493333 for a FREE VALUATION without obligation

NO SALE OR LET – NO CHARGE

For more details or to make an appointment please contact the above office at your earliest convenience.

For Sale by Modern Auction – T & C’s apply

Disclaimer

For sale by Conditional Online Auction.

Terms

Auction Method:

The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property.

The time slot for the auction is displayed on Your Choice Auctions’ website. To view this, search for the property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page.

You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.

When you place your bid, you are deemed to have agreed to Your Choice Auctions’ Buyers Terms (England & Wales) which are available on Your Choice website.

Auction type - Conditional with Fixed Fee

If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 56 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 56-business day reservation period, the seller is not able to accept other offers.

Auction Fees

The following non-refundable fees apply:

Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:

(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000

(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000

The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price.

Deposit

On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards as part of the purchase price.

Payment Method

When you register to bid, you will be prompted to provide your payment details to Your Choice Auctions In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer’s Fee & Deposit. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.

Example: If you win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:

Buyer’s Fee of £7,200- 4.8% of guide price

Deposit of £7,500- 5% of the guide price

As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:

£960 for Buyer’s Fee shortfall (£8160 due as 4.8% of actual purchase price)

£1,000 for Deposit shortfall (£8500 due as 5% of actual purchase price)

Legal Pack

Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.

To view the legal pack, first search for the property on Your Choice Auctions’ website and click onto the property to view the property details. There will be a sub-heading “Legal Documents”. Underneath this, you will be prompted to “Log in to view the legal documents”. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.

The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.

It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

Buyer Information about legal pack

If the Buyer Information Pack has been produced and provided by Your Choice any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Special Conditions of Sale

The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of Your Choice Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

Any successful buyer will pay this to secure the sale. **The reservation fee is in addition to the purchase price**. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller chooses pay no fees to sell via this method. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price as result.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavors must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor. For More details please check with your solicitors.

A non-refundable Reservation fee must be paid by the buyer by 3pm on the same day following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.

Buyer Other Fees to Consider

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

• You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our recommended Solicitors who are all selected prior for their expertise in Auction Transactions. Please call the number below for more information.

• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information. Please check with your solicitor prior to bidding or placing the offer to plan your purchase.

Registration Process

To register to bid on the property, search for the lot on Your Choice Auctions’ website. Click onto the property, follow the link to “Log in/register to bid”, and you will then be directed to create an account with the online-bidding platform provider, Offr.

Need More Information

For further information or to speak to one of our team, please call 01274 493333. or email us on info@ycea.co.uk

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8 bedroom mid terraced house For Sale in Bradford - Photograph 5.
8 bedroom mid terraced house For Sale in Bradford - Bedroom1/living room 1.
8 bedroom mid terraced house For Sale in Bradford - Bedroom2/living room 2.
8 bedroom mid terraced house For Sale in Bradford - Dining Kitchen.
8 bedroom mid terraced house For Sale in Bradford - Entrance Hall.
8 bedroom mid terraced house For Sale in Bradford - Stair case to F/Floor.
8 bedroom mid terraced house For Sale in Bradford - First Floor Bedroom 3.
8 bedroom mid terraced house For Sale in Bradford - Shower Room 1.
8 bedroom mid terraced house For Sale in Bradford - Shower Room 1 Pic 2.
8 bedroom mid terraced house For Sale in Bradford - First Floor Bedroom 4.
8 bedroom mid terraced house For Sale in Bradford - First Floor Bedroom 4 pic 2.
8 bedroom mid terraced house For Sale in Bradford - Second Shower Room 2.
8 bedroom mid terraced house For Sale in Bradford - First Floor Bedroom 5.
8 bedroom mid terraced house For Sale in Bradford - First Floor Bedroom 6.
8 bedroom mid terraced house For Sale in Bradford - Second Floor Stairs/landing.
8 bedroom mid terraced house For Sale in Bradford - Second Floor Stairs/landing.
8 bedroom mid terraced house For Sale in Bradford - Second Floor Bedroom 7.
8 bedroom mid terraced house For Sale in Bradford - Second Floor Bedroom 7.
8 bedroom mid terraced house For Sale in Bradford - Second Floor Bedroom 8.
8 bedroom mid terraced house For Sale in Bradford - Photograph 35.
8 bedroom mid terraced house For Sale in Bradford - Photograph 2.
8 bedroom mid terraced house For Sale in Bradford - Photograph 1.
8 bedroom mid terraced house For Sale in Bradford - Floorplan 1.
8 bedroom mid terraced house For Sale in Bradford - Floorplan 2.
8 bedroom mid terraced house For Sale in Bradford - Floorplan 3.

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