A five bedroom HMO property situated close to the centre of Melton Mowbray.

Planning permission was granted in 2024 for the change of use from a dwelling house (Class C3) to a House of Multiple Occupancy for no more than six persons (Class C4).

The property offers five letting rooms. Three are currently occupied and two remain vacant. The seller has informed us that all tenants are vacating the property by completion.

Current rents comprise -
Room 1 - £550 pcm
Room 2 - £450 pcm
Room 3 - £500 pcm

Current income £18,000 per annum. Estimated rent income when fully let is circa £28,000-30,000 per annum.

Well placed for a good range of amenities, an easy walk to the Town Centre and Train Station.

Enclosed rear garden.

Freehold investment opportunity with income from day one.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 3.6% of the purchase price inc. VAT.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.