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Flat 2 Laburnum Court, 179 Horninglow Street, Burton on Trent, Staffordshire DE14 1NG

Lot no: 14 Sold at Auction for £37,750
 

Guide Price £35,000+ 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.

Thursday 26th July 2018

11.30am
Key Features
  • Appealing second floor studio flat
  • High yield investment opportunity
  • Literally yards from Burton town centre
  • Enclosed walled communal garden
  • EPC Rating: D
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Sold at Auction for £37,750

Studio flat

Property Description:

DRAFT DETAILS AWAITING VENDOR APPROVAL. The gas centrally heated character accommodation in brief comprises communal entrance hall with staircase to all floors. The apartment itself comprises of entrance hall, bathroom with three piece suite including shower, well equipped fitted kitchen with built in appliances and open plan lounge/bedroom with dual aspect windows and measuring 16’ x 13’. Outside there is an enclosed walled garden offering a certain degree of privacy.

We are informed by the seller that the studio apartment was previously let at £350 per calendar month (£4,200 per annum). In our opinion there is scope for rental income when minor improvements have been made to the apartment.

Communal Entrance Hall

With original staircase to all floors.

Second Floor Apartment

Comprising -

Entrance Hall 13’4” x 3’9”

Having tiled floor covering, central heating radiator, door to bathroom, opening through to kitchen and access through to the lounge/bedroom.

Lounge/Bedroom 16’ into chimney recess x 13’

Having dual aspect multi paned window to the front and rear elevation, built in cupboard, wall mounted combination boiler, ornate cast iron open fireplace and central heating radiator.

Kitchen 8’8” x 6’5”

Please note the kitchen is accessed off from the entrance hall and comprises a range of wall mounted cupboards with base units, drawers, wood preparation surface with sink and drainer, splashback tiling. There is an integrated stainless steel electric oven with hob and cooker hood, plumbing for washing machine and space for fridge/freezer.

Bathroom 8’2” x 5’3”

Fitted with a three piece suite in white comprising a panelled bath with shower unit over and shower rail, low level wc, pedestal wash hand basin, complementary tiling to the walls and central heating radiator.

Outside

To the rear there is an enclosed walled communal garden that offers a certain degree of privacy.

Tenure:

Leasehold. 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.