Semi-detached house
Constructed of traditional brick beneath a pitched tiled Welsh slate roof, the internal accommodation still retains a wealth of character and charm throughout. The well-equipped uPVC double glazed living accommodation in brief comprises entrance hall with Minton tiled flooring with staircase to first floor, flat four comprises of a kitchen diner with fitted units and separate bedroom with shower. Flat three is located to the rear and consists of a lounge kitchen diner with fitted units, bedroom with separate shower room. To the first floor landing, flat two consists of an entrance lobby, lounge kitchen diner with fitted units, bedroom and separate shower room. Flat one consists of living kitchen diner with fitted units, bedroom and separate shower room. Outside to the front there is a small forecourt and to the rear an enclosed garden.
The property occupies a popular and convenient location also situated within short walking distance of Normanton shopping centre and Derby’s inner ringroad. Excellent high yield investment opportunity.
Entered by original door to front with -
Having Minton tiled flooring, moulded coving to ceiling, staircase to first floor and door to cellar.
Consists of a kitchen diner with fitted kitchen units, bedroom with shower and vanity hand basin. Please note the bedroom is let on an assured shorthold tenancy agreement at £65 per week, this producing a yearly income of £3,380.
Consists of a lounge kitchen diner with fitted units, separate bedroom with door leading through to the shower room. This flat is let on an assured shorthold tenancy agreement at £75 per week, this providing a yearly income of £3,900.
With continuation of the spindled balustrade.
Consists of a kitchen diner with fitted units, bedroom and separate shower room. The flat is let on an assured shorthold tenancy agreement at £60 per week producing a yearly income of £3,120.
Consists of an entrance hall with lounge kitchen diner with fitted units, bedroom and separate shower room. The flat is let on an assured shorthold tenancy at £70 per week producing a yearly income of £3,640.
The combined rent for all four self-contained flats is £14,040 per annum. We feel there is scope for significant rental increase along with improvements to the property.
Leave the City centre along Normanton Road and at the traffic light junction turn right onto Mill Hill Lane. Where the road bears to the right continue straight on onto Mill Hill Lane, taking the first left onto Avondale Road, the continuation of which is Renals Street. The property will be identified by our for sale by auction board.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
