Owen Rd – 6 Bed Licenced HMO, West Midlands

DESCRIPTION

The OPA are pleased to present this exciting opportunity to acquire this 6-bedroom House in Multiple Occupation (HMO) located in the popular residential area of Wolverhampton. The property currently has 4 of the 6 bedrooms tenanted and generates an annual rental income of £21,360 (£1,780 per calendar month) with potential to increase the rental income.

Set on a quiet popular residential street, this spacious property boasts, two bathrooms, six bedrooms and open plan kitchen lounge. The property is well presented throughout.

TENURE

The property is freehold and boasts a HMO Licence for 6 bedrooms.

Current Rental Income – £21,360p.a / £1,780 pcm

Room 1 – £500

Room 2 – £455

Room 3 – Vacant

Room 4 – £425

Room 5 – £400

Room 6 – Vacant

LOCATION

Set on a quiet residential road, within close proximity of Wolverhampton town centre and The University Of Wolverhampton. A wide variety of facilities are available within walking distance including a Sainsburys Local Store with the further, more extensive amenities afforded by the City Centre also being within walking distance.

The Molineux Stadium, Mander Centre and West Park Hospital are all within close proximity to this property.

EPC – D

COUNCIL TAX – Band A

VIEWINGS

Please contact The Online Property Agency for viewings.

BUYERS FEE

Buyer’s Reservation Fee of 2% of The Purchase Price. Minimum Fee £3,999. (All fees inclusive of VAT). T&Cs apply.

The OPA’s “Secure It Now Exclusivity Package”

This property is being offered under The OPA’s “Secure It Now Exclusivity Package”

This is an innovative secure and straightforward way to purchase this property.

Here are the benefits for you:

• Secure your dream property straight away

• Properties are realistically priced

• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller

• Focuses on speed

• Mortgage buyer friendly

• Suitable for first time buyer

• Mortgage buyers and cash buyers compete on equal terms

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs

Secure It Now Exclusivity Package – How does it work?

Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale.

You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee “ of 2% which includes :

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks )

• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

• This prevents the risk of gazumping and the

• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent’s approach.

• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Step 1 – Register your interest

Step 2 – Sort out your finances

Step 3 – Arrange a viewing / Virtual Tour

Step 4 – Make an offer

Step 5 – Secure your purchase using our buy and Secure It Now Exclusivity package

Step 6 – Exchange and completion

Next Steps – Do Not Miss Out –

Please note this is a realistically priced property and is likely going to create a fair amount of buying interest. If you’re interested in buying this property, we’d urge you to contact us immediately to avoid losing out.

Please note this is a non-refundable exclusivity fee in addition to the purchase price.

MONEY LAUNDERING REGULATIONS – Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The OPA has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.

Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

Misrepresentation Act 1967: The OPA for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.