48, Permayne, Milton Keynes, MK13 0DG

Investment Opportunity – Four Bedroom HMO Generating £2,600 pcm This spacious four-bedroom mid-terrace property presents an excellent investment opportunity, currently operating as a House in Multiple Occupation (HMO) and generating a strong monthly income of approximately £2,600.

Arranged over three floors and offering around 1,065 sq. Ft. Of accommodation, the property has been configured to maximise rental return while providing comfortable living arrangements for tenants.

The ground floor comprises an entrance hall, a generous communal kitchen-lounge area to the rear, a separate utility room, and a convenient WC.

Across the upper floors, the property boasts four well-proportioned double bedrooms, each offering good natural light and practical layouts suitable for professional tenants.

A modern shared shower room serves the upper floors, with the property designed for efficient shared living.

Externally, the property benefits from a private rear garden, mainly laid to gravel with a pathway leading to the entrance, providing a low-maintenance outdoor space for tenants.

Situated in a convenient location with easy access to local amenities and transport links, the property remains consistently attractive to tenants, ensuring ongoing demand and occupancy.

This is a ready-made investment with an established income stream and further potential for rental growth. This property is for sale by the Modern Method of Auction.

Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.

This additional time allows 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.

This being 4.5% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT.

The Reservation 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 go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property.

The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.

A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you.

Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.