Mayfield Road
Worcester
5
3
2
- HMO
- Investment opportunity
- Close to the City Centre
- Good local amenities
- Four-storey accommodation
- Garden
- Easy access to the M5
Offers in excess of
1710 sq. ft.
Tenant Info01905 734 734
Please quote reference number AHA220004
A traditional family home currently let as a five-bedroom HMO.
- HMO
- Investment opportunity
- Close to the City Centre
- Good local amenities
- Four-storey accommodation
- Garden
- Easy access to the M5
This is a fantastic opportunity to purchase an investment property currently receiving a gross income of £1,990 pcm when fully occupied.
The property is approached over a paved pathway, with garden to the side.
As you enter the property you are greeted by a welcoming hallway with a door to bedroom one, open access through to the inner hallway, which has stairs rising to the first floor, a door to bedroom two and stairs down to the lower ground floor.
Bedroom one is a good-sized double to the front. Bedroom two is a double to the rear and has a door out to the balcony.
The lower ground floor landing has doors to the sitting room and dining room.
The dual aspect sitting room has windows to the front and side, a built-in storage cupboard and recess shelving with a wall light to the side.
The dining room is to the centre of the property with a feature fireplace with wooden surround (no fire in situ), a door to the rear garden and open access through to the kitchen.
The kitchen has a range of wall and base units with work surfaces over incorporating a sink and drainer. There is space for a slot-in cooker and space and plumbing for a washing machine. A further door leads to the rear lobby.
The rear lobby has doors to the shower room, cloakroom and rear garden.
The shower room has a wash hand basin, a walk-in shower cubicle and a window to the rear.
The cloakroom has a WC, a wash hand basin and a window to the side.
First floor
The landing has stairs rising to the second floor and doors to the bedrooms and family bathroom.
Bedroom three is a great-sized double with two windows to the front and an ensuite comprising a WC, a wash hand basin and a shower cubicle. Bedroom four has a window overlooking the rear garden.
The family bathroom has a three-piece suite comprising a low-level WC, a wash hand basin and a bath with shower. There is also an airing cupboard.
Second floor
Bedroom five is another spacious double with a window to the rear, hanging space and access to the eaves for storage.
Outside
The sizeable rear garden is initially laid to patio with mature shrubs to the borders leading to a lawned area at the rear.
Agents note
Any furniture and appliances left in the property by the tenants will be included in the sale subject to contract.
Services
The property is connected to Mains gas, electricity, water and sewerage. Council tax band - B.
Reservation Fee - refundable on exchange
A reservation fee, refundable on exchange, will be payable by the Buyer to Andrew Grant Sales Limited prior to issuing the Memorandum of Sale and marking the property as Sold Subject to Contract. This fee will be reimbursed upon Exchange of contracts. The fee will be retained by Andrew Grant Sales Ltd to cover costs in the event the Buyer withdraws from the purchase or doesn't Exchange within 6 months of the fee being received other than as a result of:
1. Any structural issues arising from any survey that has not previously been disclosed
2. Serious defect in the seller’s legal title
3. The local searches reveal any matter that has a material adverse effect on the market value of the property that were previously undeclared or unknown
The reservation fee will depend on the level of your agreed offer for the property:
an agreed offer under £500,000 will be £500 inclusive of vat
an agreed offer between £500,000 and £1,000,000 will be £1,000 inclusive of vat
all agreed offers over £1,000,000 will be £1,500 inclusive of vat
Tenant information
Permitted payments (inc vat)
- Rent
- Holding deposit equivalent to one weeks rent
- Security deposit equivelent to 5 weeks rent (6 if annual rent is £50,000+)
- Utilities
Default charges
- Replacement keys and other security devices - charged at cost of replacement(s)
- Rent arrears - 3% above the Bank of England base rate
Other possible charges
- Novation of contract (where a tenancy is ended in place of another one following a change of tenant) - £50
- Variation of contract (for example, change of rent date) - £50
- Change of sharer - £50 per tenant
- Surrender of tenancy - tenant liable to pay the rent for the whole period (within reason) as well as landlord costs of re-letting the property as detailed on our landlord fee schedule
Company Lets (Non Housing Act Tenancies)
- £250 per application to include referencing and legal paperwork
- Security deposit equivalent to 6 weeks rent
- Default charges, pet charges and other possible charges as listed above may apply
Tenant protection
Andrew Grant is a member of ARLA and The Property Ombudsman's (TPO) redress scheme. You can learn more by contacting us directly or visiting:
Accreditation
We commonly receive referral fees from specialist service partners an outline of these can be found here: and are reviewed annually in line with our financial year to identify any changes in average fee received. Please note that lettings agents are required by law to publish on their websites information for potential tenants about relevant fees, redress schemes and client money protection schemes (including the names of those schemes). Relevant fees must also be published on third party websites. For properties to rent in England and Wales, details of the agent's membership of any redress scheme and client money protection scheme must also be published with their fees. It is the agent's responsibility to ensure that all relevant information provided is up to date and accurate. If the relevant information does not appear here, the agent may have included it within the property description.