End of terrace house
An excellent BTL residential investment opportunity to acquire a very realistically priced, extended three bedroomed end terrace property, occupying a cul-de sac location, conveniently positioned for the market town of Heanor and the M1 Motorway.
The property is currently let an rolling agreement producing £440 per calendar month (£5,280 per annum). With improvements made to the property, we would anticipate a more realistic rental figure in the region of £700 pcm (£8,400pa).
Internally the property has the benefit of uPVC double glazing, gas central heating and in brief comprises: lounge, inner lobby, separate dining room with enclosed staircase, fitted kitchen, rear lobby and bathroom fitted in a white three piece suite with shower. To the first floor, there are three well proportioned bedrooms.
Outside to the front there is small forecourt with pedestrian access to the side leads to an enclosed garden enjoying a south westerly aspect.
The property is situated within the context of an established residential location with a good range of amenities all within walking distance.
Traditional brick with rendered appearance set beneath a pitch tiled roof.
12ft 5 into chimney recess x 11ft
12ft 2 into chimney recess x 12ft 1
11ft 8 x 6 ft 8
8ft 1 into cupboard x 2ft 9
6ft 8 x 5ft 4
12ft 3 into chimney recess x 11ft 2
12ft 2 x 9ft 2
14ft into wardrobe x 6ft 8
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction 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.
