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40 Madeley Street, Derby, Derbyshire DE23 8EY

Lot no: 1 Sold at Auction for £70,500
 

Guide Price £49,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 2nd November 2017

11.30am
Key Features
  • Spacious two bedroomed mid-terraced property
  • Comprehensive scheme of improvements required
  • Short walk to Normanton Road shopping area
  • Excellent investment opportunity
  • EPC Rating: F
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Sold at Auction for £70,500

Terraced House

Property Description:

There is a shared covered passage to the side of the property with door leading through to a side entrance hall with staircase to first floor, lounge, separate dining room and kitchen with wc. To the first floor the passaged landing leads to two good sized double bedrooms (part of the first floor accommodation is arranged over the shared passageway) and a bathroom. There is a staircase leading to a good sized attic space (this staircase does not meet current Building Regulations please refer to the legal pack for further information). To the rear of the property there is an enclosed garden.

The property occupies a consistently popular location and offers superb potential.

Shared Covered Side Passage

With access out onto the garden.

Side Entrance Hall

Entered by door to side, door to cellar, and staircase to first floor.

Front Sitting Room 12’7” x 11’8” into chimney recess

With window to front, gas fire with tiled back and hearth, moulded coving to ceiling.

Separate Dining Room 12’7” x 12’ into chimney recess

With window to rear, gas fire with tiled back and hearth.

Kitchen 12’ maximum x 7’6”

With window to rear. The fitted kitchen comprises a range of wall mounted cupboards with base units, drawers, preparation surface, sink and drainer with splashback tiling, cooker point.

Inner Lobby and WC
First Floor Passaged Landing
Bedroom One 15’2” x 12’5”

With window to front.

Bedroom Two 12’5” x 12’8” into chimney recess

With window to rear.

Bathroom 11’10” x 8’1”

With window to rear. Fitted with a three piece suite comprising panelled bath, low level wc, pedestal wash hand basin, complementary tiling to the walls, plumbing for washing machine and airing cupboard.

Staircase to –
Attic 15’ x 16’4” (restricted height)
Outside

To the rear there is an enclosed garden.

Tenure:

Freehold. Vacant possession upon completion.



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.