51 Severn Street, Leicester, Leicestershire LE2 1BA

A seven share HMO property with accommodation arranged over three floors, with additional basement space.

The property has a great letting history and is well placed for Leicester University, Leicester City Centre, the local shops, restaurants and bars which are located on London Road/Evington Road.

Victoria Park can be easily accessed from the house with links to the motorway, the Leicester Royal Infirmary and the Leicester General Hospital.

Offered with vacant possession but with estimated rental income of £30,000 plus per annum once let.

There is a large basement which offers scope for further accommodation subject to approval. The HMO license has expired but a new application has been submitted for a 7 share.

A great opportunity for a large HMO investment.

Entrance Hall
Front door, radiator, staircase rising to the first floor.

Bedroom One - 4.61 to bay x 3.70 (15 ft 1 to bay x 12 ft 1)
Bay window to front aspect, part coving, radiator.

Bedroom Two - 3.96 x 3.01 (12 ft 11 x 9 ft 10)
Radiator, door with two windows either side to rear aspect.

Sitting / Dining - 5.10 x 2.37 (16 ft 8 x 7 ft 9)
With Radiator, opens to -

Kitchen - 4.26 x 2.46 (13 ft 11 x 8 ft 0)
Fitted units with worktops and tiled splash backs, sink with drainer, four ring gas hob, oven and extractor, boiler, plumbing for washing machine, tiled floor, door to -

Rear Aspect Basement - 4.59 x 4.59 (15 ft 0 x 15 ft 0)
Meter cupboard, radiator, double glazed window to front aspect.

First Floor Landing
Under stairs cupboard, staircase rising to second floor.

Bedroom Three - 4.61 to bay x 5.58 (15 ft 1 to bay x 18 ft 3)
Radiator, bay window to front aspect.

Bedroom Four - 3.97 x 3.01 (13 ft 0 x 9 ft 10)
Radiator, window to rear aspect.

Shower Room One - 1.63 x 1.56 (5 ft 4 x 5 ft 1)
Shower cubicle with electric shower, low level W/C, wash hand basin, radiator, tiled floor and walls.

Shower Room Two - 2.35 x 1.58 (7 ft 8 x 5 ft 2)
Shower cubicle with electric shower, low level W/C, pedestal wash hand basin, part tiled walls and floor, two windows to rear aspect.

Second Floor Landing - Access to loft

Bedroom Five - 4.84 x 2.56 (15 ft 10 x 8 ft 4)
Radiator, window to front aspect.

Bedroom Six - 4.20 x 2.54 (13 ft 9 x 8 ft 3)
Radiator, window to rear aspect.

Bedroom Seven - 3.92 x 2.88 (12 ft 10 x 9 ft 5)
Radiator, window to front aspect.

Inner Hallway -
Radiator

Seperate W/C -
Pedestal wash hand basin, low level W/C

Shower Room - 3.32 x 1.62 (10 ft 10 x 5 ft 3)
Shower cubicle with electric shower, low level W/C, pedestal wash hand basin, window to rear aspect.

Outside
Small courtyard garden.

Draft Sales Particulars
These sales details are awaiting vendor approval.

Freehold

Vacant posession upon completion

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 4.8% of the purchase price (subject to a minimum of £6,000 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.