4 bed terraced house for sale

Larch Grove, Witham, Essex CM8

Calling all Investors

A fabulous opportunity to increase your portfolio with this house that has 5 letting rooms and comes with long term and reliable tenants in situ. The property is a long-established HMO and fully licensed for 5 persons by Braintree DC.

Ground floor: Entrance / Hallway. Room 1 is the converted integral garage with ensuite shower (inc WC and wash basin). Room 2 is the previous dining room. Lounge / Diner with sliding doors to rear garden, separate WC. The kitchen is fully equipped as you'd expect with fridge /freezers, washing machine, tumble dryer, microwave etc.

First floor: Landing to bathroom, Room 3 is a double, Room 4 is a double with own shower and Room 5 is a single.

The house also benefits from Solar Panels which give an additional income stream.

There is off road parking at the front for 3 medium sized cars.

Current income and expense details are available on request.

This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold
Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack.The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.