Hunters Hill, High Wycombe, HP13

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £305,000 

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

This substantial 5/6 bedroom maisonette offers a rare investment opportunity in a well-connected location on the east side of High Wycombe. Spanning generous internal space, the property is currently arranged as an HMO under a company let agreement, generating a gross rental income of £3,600 per calendar month. The landlord currently covers bills at an estimated cost of £600 per month.

Internally, the property has been updated with a recently refitted kitchen, new carpets, and replacement double glazing installed just six months ago. Three of the six bedrooms benefit from en suite shower rooms, enhancing the appeal for sharers or future family use.

Externally, there is a designated parking space directly in front of the property's garage, which is separately let on a lease agreement for £150 per month. Additional parking is available within the development. The property is leasehold with approximately 143 years remaining, and service charges and ground rent combined are around £50 per month.

Important Note for Investors: While the property is fully compliant for HMO use under the current company let, the head lease will not permit HMO usage beyond August 2025. From that point, the property is expected to achieve a strong rental income in excess of£2,000 per month under a standard AST (Assured Shorthold Tenancy).

Conveniently located just minutes from High Wycombe Retail Park, the property benefits from easy access to the M40 motorway and fast rail links to London via High Wycombe Station.

Summary:

·       5/6 bedrooms, 3 en suites

·       Recent upgrades including kitchen, carpets & glazing

·       Let at £3,600pcm (bills included by landlord)

·       Garage lease generating £150pcm

·       Leasehold – 143 years remaining

·       Low service charges (~£50pcm)

·       No HMO use permitted after August 2025

·       Ideal long-term investment with strong future AST potential

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction. 

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. 

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

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 of the property. The deposit will be a contribution to 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 required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.