11th December 2020
Fire-damaged home in popular Lady Bay is set to become an auction star
A fire-damaged house requiring full renovation is expected to be one of the stars of the show when it goes under the hammer this month.
Despite its poor condition, 50 Rutland Road in West Bridgford has already attracted a great deal of interest from potential buyers – which experts at SDL Property Auctions say is down to its desirable location, the style of the property and its *guide price of £135,000+.
Property valuer Laura Wiles said: “Despite the fire damage, this remains a beautiful property which is crying out to be restored to its former glory. It has some wonderful architectural features such as period fireplaces and a beautiful bay window looking out onto the street.
“It’s unusual to find a house of this type in the Lady Bay area for less than £300,000 so this one has understandable appeal because it’s a wonderful opportunity to gain a foothold in this highly sought-after location.”
The semi-detached house, which is being sold on behalf of Rushcliffe Borough Council, comprises an entrance hall, two reception rooms, kitchen area and cellars. Upstairs are three good-sized bedrooms and a bathroom, while the landing has space for stairs to a potential loft conversion, subject to the relevant planning permissions and building regulations.
To the side of the property is a driveway leading to the rear garden which has mature trees and backs onto the disused Grantham Canal, now a haven for wildlife.
Laura said buyers are unlikely to be deterred by the challenge of refurbishing the property: “Condition is no object for auction buyers, many of whom are actively seeking properties to refurbish. This will make an excellent project for a private buyer looking for a family home, or a sound investment for a developer looking to add value to a property before selling it on or letting it to tenants.”
The location is one of Nottingham’s most sought-after, thanks to its traditional buildings, leafy avenues and semi-rural nature, along with its convenience for Nottingham city centre, which is easily reached by both car and a regular bus service. Lady Bay itself has several shops, a well-regarded primary school and private day nursery facilities. Nearby are sports facilities including football, cricket and golf clubs, Nottingham Racecourse and Holme Pierrepont National Watersports Centre.
50 Rutland Road will be the first lot to go under the hammer in SDL Property Auctions’ final National Property Auction of the year, which will be live-streamed from its head office with auctioneers Andrew Parker and Graham Penny sharing rostrum duties.
A choice of three remote bidding methods is available – over the internet, by proxy or by telephone – to ensure the auction remains accessible to all, and buyers will beat the stamp duty holiday deadline comfortably, as exchange will take place on the fall of the hammer and sales will complete in January.
To find out more about the Rutland Road property, to register to bid or to see the full catalogue of lots, click here or call the Nottingham auctions team on 0800 046 5454.