36 Northgate Street, Great Yarmouth, Norfolk NR30 1BH
- PROPERTY TYPE
Terraced
- BEDROOMS
8
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Substantial investment property
- Producing £33,120 pa
- Prominent town centre position
- Eight self contained bedsits
- Fully licenced by Great Yarmouth Borough Council
- Guide price: £200,000 - £220,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 1st May 2024
Description
SOLD AFTER AUCTION
Substantial investment HMO property producing £33,120 pa situated in the centre offering eight bedsits which are in need of some improvement
Substantial Victorian terraced property which has been an HMO since 1963. It’s was on the original HMO register set up by Great Yarmouth in 1980 and has been fully licensed for 15 years plus with current scheme. Full lawful planning consent use has never been applied for as it’s not been required as Gt Yarmouth Borough Council recognised it as a HMO. The current owner has had a mortgage on the property since ownership.
Comprising of eight bedsits with established tenants, the property is currently fully let and is producing an income of £33,120 pa. Please note the owner has served notice of rent increases to the tenants to commence of 1st July 2024 which will increase the income to £40,800pa.
There are three bedsits on the ground floor, three on the first floor and two on the second floor. All tenants are on AST agreements which will form part of the legal pack and all would like to remain in situ. The property is In need of some maintenance internally which would enhance the property, tenants and potential yields. Ideal investment property.
Ground Floor Communal Hall, Flats 1, 2 and 3 communal toilet
First Floor Landing, Flats 4, 5 and 6 with communal toilet
Second Floor Landing, Flats 7 and 8
Council Tax Band A
EPC Ratings Flats 1,2,3,4 & 6 = E
Flat 5 = F
Flats 7 & 8 = G
Viewings Viewings are being held strictly by appointment only and the next opportunities to view are on Wednesday 24 and Monday 29 April. Please contact the Norwich office to book your appointment.
Tenure: Freehold
EPC Rating: E, F, G
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £960 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
36 Northgate Street, Great Yarmouth, Norfolk NR30 1BH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Great Yarmouth Station0.3 miles
- Berney Arms Station4.3 miles
About the agent
Auction House, Covering East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Market position
Auction House East Anglia are firmly established as East Anglia's no.1 property auctioneers (based on lots sold) and we sell over 80% of lot entries in our local auctions. We hold regular auctions in Norfolk and Suffolk and Cambridgeshire and have offices in Norwich, Kings Lynn, Peterborough and Ipswich.
Trusted BrandAuction House East Anglia is part of the Auctio
Industry affiliations
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 202302230103sq_r0kn_copy_2024-04-05_134804. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Covering East Anglia. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Covering East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.