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177 Uttoxeter New Road, Derby, Derbyshire DE22 3NP

Lot no: 13 Sold at Auction for £144,000
 

Guide Price £130,000+ 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 a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Friday 15th December 2017

11.30am
Key Features
  • Large Victorian semi-detached house in a popular location
  • Converted into three self-contained flats and one studio
  • Walking distance of City centre and fashionable Friar Gate area
  • Potential combined rental income of approx. £17,000-£18,000 p.a.
  • EPC Rating: Flats 1 & 2 - E; Flats 3 & 4 - D
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Sold at Auction for £144,000

Semi-detached house

Property Description:

The property is currently offered for sale with immediate vacant possession however when fully let we would anticipate a combined rental income in the region of £17,000 to £18,000 per annum.

Uttoxeter New Road is always a popular choice with landlords and this freehold high yield return property would surely be an excellent investment.

Side entrance door into –
Shared Hallway

With staircase leading to the first floor and door to cellar.

STUDIO GROUND FLOOR FLAT ONE

Comprising –

Living Room 14’10” x 14’

With walk-in bay window to front elevation and storage heater.

Kitchenette

With a range of work surface and preparation areas, space for a cooker, space for fridge, space for freezer and door to –

Shower Room

With low level wc, pedestal wash hand basin and shower cubicle.

FIRST FLOOR FLAT TWO

Comprising –

Lounge 12’3” x 11’7”

With double glazed window to the rear elevation and two double radiators.

WC

With low level wc, pedestal wash hand basin and shower.

Kitchen 9’10” x 8’3”

With a range of work surface and preparation areas, cupboards, space for cooker, stainless steel sink unit, space for fridge, window to side elevation.

Bedroom 9’11” x 8’2”

With window and radiator.

FLAT FOUR

Located at the front of the property and arranged over first and second floors. Entrance Lobby with staircase to –

Living Area 14’10” x 12’2”

With window overlooking the front elevation, space for bed/lounge area.

Kitchenette

With a range of work surface and preparation areas, space for cooker, space for fridge, window to the front elevation and two radiators. Staircase to –

Attic Bedroom 9’10” x 10’8”

With radiator and roof light.

Shower Room

With low level wc, pedestal wash hand basin and shower cubicle.

From the outside of the property there is a separate rear access to –

FLAT THREE

Comprising –

Kitchen 10’2” x 9’8”

With a range of work surface and preparation areas, cupboards, space for cooker, stainless steel sink unit and space for fridge.

Lounge 12’5” x 11’6”

With double glazed window to the rear elevation and two radiators.

Shower Room

With low level wc, wash hand basin and shower cubicle.

Bedroom 16’6” x 8’

With radiator and window to the rear.

Outside

To the rear of the property there is a lawned garden with a range of well stocked borders and to the front there is off street car standing.

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.