Commercial Street, Norton, Malton, North Yorkshire
- PROPERTY TYPE
House
- BEDROOMS
5
- BATHROOMS
2
- SIZE
Ask agent
Key features
- Sold by modern method of auction
- Currently licensed as a HMO
- Buyer Fees Apply
- Town centre location
- 5 lettable rooms
- Two shower rooms & Communal kitchen
Description
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). Please see additional information before requesting a viewing or bidding.
61a Commercial Street, Norton town centre, a maisonette that has been improved over recent years and is registered as a house of multiple occupation (HMO) with Ryedale District Council.
The property was completed to all necessary building regulations at the time of conversion.
The property is double-glazed and heating is provided by Rionte electric panel heaters fitted by the current vendors in 2022.
The property is licensed for occupation by up to 5 people and is currently at 100% occupancy, and achieves a yearly rental income of £26,780 (assuming no void periods). As a HMO landlord you will be liable to pay the council tax, insurance and water and electricity for the property, so please ensure you take this into account.
Each of the five bedrooms are double in size and meets the HMO measurement requirements. Bedroom Four has its own private en-suite shower room.
There are two shared shower rooms, one on both the first and second floors.
The communal kitchen is located on the first floor and provides adequate workspace and storage for all five occupants.
The property has CCTV, emergency lighting, fire alarms/sensors in all areas of the home and fire extinguishers on each floor.
The property is connected to mains water, drainage and electricity and has a broadband connection.
Tenure is Leasehold for 150 years from May 2006
Please note that some photos were taken when the rooms were empty. All rooms are fully allocated, so for tenant privacy, we have been unable to upload a photos of every room.
In accordance with Section 21 of the Estate Agents Act 1979, we declare that there is a personal interest in the sale of this property.
Call Bespoke Property Agency today for a viewing!
Auctioneer Comments:
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
Entrance Porch / Hall
Ribbed hard entrance carpet, door to front, post boxes, emergency lighting, electric meter cupboard, fuse board, fire alarm control panel, understairs storage
Kitchen Diner
4.15m x 2.63m
Plus recess
Vinyl flooring, two windows to side aspect, Rointe pannel heater, sink drainer, wall and base units, plumbing for a washing machine, integrated oven, space for a fridge, CCTV, tiled splash backs, breakfast bar, door to front aspect, storage cupboard
Landings
First floor landing - Carpet flooring, CCTV camera, fire alarm and sensor, emergency lighting, fire extinguishers.
Second floor landing - Window to rear aspect, carpet flooring, airing cupboard with immersion tank
Bedroom One
4.62m x 3.52m
Window to front rear, Rionte electric panel heater, carpet flooring, double in size
Bedroom Two
4.41m x 2.56m
Window to front aspect, Rionte electric panel heater, carpet flooring, double in size
Bedroom Three
3.4m x 2.67m
Window to front aspect, Rionte electric panel heater, carpet flooring, shelving unit
Bedroom Four (Second Floor)
3.22m x 4.54m
Max
Window to rear aspect, Rionte electric panel heater, carpet flooring, double in size, en-suite shower room and W/C
Bedroom Five (Second Floor)
4.15m x 4.44m
Maximum
Window to front aspect, Rionte electric panel heater, carpet flooring, double in size, storage cupboard.
First Floor Bathroom
w/c, wash hand basin and vanity cupboard, shower cubicle, window to side aspect
Second Floor Bathroom
W/C (sani-flo system), wash hand basin, shower cubicle, extractor fan, vinyl flooring
Additional Information
Fully licensed five-bedroom house of multiple occupancy property ref: 21/00070/HMOLIC
Leasehold property - 150 years from 26th May 2006. Rent per annum is £1.00.
Current weekly rent charged per room -
Room 1 - £115 per week
Room 2 - £105 per week
Room 3 - £75 per week
Room 4 - £95 per week
Room 5 - £115 per week
(£26,260 per annum)
Services: Mains water, mains electricity and mains drainage are connected.
Heating - The property is fully electric and is heated by Rionte electric panel heaters (fitted in 2022)
Please note we (the selling agent) are one of the three vendors that own the property.
Insurance is arranged by the freeholder annually, and the share for 61a Commercial Street is paid for by the Leaseholder. This year's annual charge was £369.96
Modern Method of Auction
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment.
Disclaimer
Disclaimer - These particulars are produced in good faith, and are set out as a general guide only and do not constitute, nor constitute any part of an offer or a contract. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. Any intending purchaser should satisfy him/herself by inspection of the property or otherwise as to the correctness of each of the statements prior to making an offer.
- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Commercial Street, Norton, Malton, North Yorkshire
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Visit our security centre to find out moreDisclaimer - Property reference BPR-71174482. 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 Bespoke Property Agency, Covering Ryedale & York. 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 Bespoke Property Agency, Covering Ryedale & York on 01904 935856.
*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.
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