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Lot 1

6 Woodseer Street London, 5-Bedroom HMO

Guide price £1,300,000

Type of Sale

Auction

Key Features

  • Air b&b
  • cafés
  • independent shops and markets.
  • renowned for its restaurants
  • sought-after East London location
  • street art
  • vibrant and world-famous Brick Lane

Description

5-Bedroom investment Air b&b – 6 Woodseer Street, London

Situated on Woodseer Street, just off the famous Brick Lane in East London, this five-bedroom air b&B offers well-equipped accommodation in a highly sought-after and vibrant part of London. The property is ideally positioned for those wanting to enjoy the exceptional choice of restaurants, cafés, independent shops, markets and entertainment associated with Brick Lane. In addition, Shoreditch and the surrounding East London area offer even more options.

The property comprises five double bedrooms, providing comfortable accommodation for individual occupiers. Each bedroom benefits from its own shower facility, together with a dedicated tea-making area. This creates a convenient and practical living environment. Every room is furnished with a double bed. Therefore, the accommodation is particularly suitable for professionals, students and other tenants seeking furnished shared accommodation in central London.

Two of the five bedrooms benefit from their own en-suite facilities, providing additional privacy and convenience. In addition, toilet facilities are provided on each floor, helping to make the property practical for shared occupancy. The combination of private shower facilities, en-suite rooms, tea-making areas and double beds gives the accommodation a comfortable and convenient feel. Yet it retains the benefits of an HMO arrangement.

The property's location is one of its key attractions. Brick Lane is immediately associated with London's creative and multicultural East End, offering an exceptional selection of restaurants, cafés, vintage shops, independent retailers, markets and street art. The surrounding area also provides easy access to Shoreditch, Spitalfields and the City of London. Because of this, Woodseer Street is an attractive base for people who want to live close to London's major employment, leisure and cultural destinations.

For commuters, the property benefits from the extensive public transport network available throughout East London. Nearby stations provide access to the London Underground, London Overground and wider rail connections. This helps residents travel into the City, central London and other parts of the capital. The location therefore combines the character of East London with convenient access to employment centres and universities.

The five-bedroom configuration makes the property particularly suitable for Air b&b investment or shared accommodation, subject to the relevant licensing and planning requirements. Each bedroom has been arranged with the needs of individual occupiers in mind, including a double bed, shower facilities and a tea-making area. The two en-suite bedrooms offer an additional level of privacy. Meanwhile, the toilets located on each floor provide convenient shared facilities.

The accommodation also benefits from being surrounded by a wide range of everyday amenities. Residents are within easy reach of supermarkets, convenience stores, cafés, restaurants, takeaways, leisure facilities and independent businesses. Brick Lane and nearby Shoreditch are particularly well known for their lively atmosphere. As a result, this is an appealing location for tenants who value having entertainment and amenities close to their doorstep.

From an investment perspective, the property's five-bedroom Air b&b format and individual room facilities provide an attractive combination of privacy and shared accommodation. Having shower facilities within each bedroom and tea-making facilities for every occupier can offer greater independence than a more traditional HMO arrangement. Moreover, the inclusion of two en-suite bedrooms further adds variety to the accommodation.

Overall, 6 Woodseer Street offers five double bedrooms in a highly desirable East London location just off Brick Lane. With a double bed and tea-making area in every room, shower facilities for each bedroom, two en-suite bedrooms and toilets available on each floor, the property provides practical accommodation designed around the needs of individual tenants.

The property's proximity to Brick Lane, Shoreditch, Spitalfields and the City of London adds to its appeal, providing residents with access to some of London's most recognisable neighbourhoods, restaurants, markets and cultural attractions. Whether considered as an established HMO or an investment opportunity, the property offers a distinctive combination of location, room facilities and convenient shared accommodation.  

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Edward Swindells Auctioneer Consultant Auctioneer & Valuer

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Important notices

Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.

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Guide Prices

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Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.

The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.

All guide prices are quoted “subject to contract”.

Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.

Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.

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Reserve Prices

The reserve price is the minimum price at which the Lot can be sold.

Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.

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A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At Palace Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.

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For each Lot, a documentation charge / Fee is payable on the fall of the hammer to Palace Auctions as follows:

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Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

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Other Matters

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Please refer to the addendum, the Particulars and/or the conditions of sale.

Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.

The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.

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