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271 Abbey Street, Derby, Derbyshire DE22 3SW

Lot no: 7 Sold at Auction for £138,000
 

Guide Price £115,000+ 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 1st November 2018

11.30am
Key Features
  • RESIDENTIAL INVESTMENT OPPORTUNITY
  • Five bedroomed end-terraced house within easy reach of Derby City centre
  • Five letting rooms with income of £22,476 inclusive of bills when fully let
  • Refurbished to a high standard
  • EPC Rating: C
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Sold at Auction for £138,000

End of terrace house

Property Description:

The property benefits from interlinked smoke and heat alarms together with emergency lighting and has five letting rooms, with income of £22,476 inclusive of bills when fully let. Furnishings included, ideal investment opportunity.

Entrance Hall

With hardwood front entrance door opens into vestibule and onto the hallway and stairwell to the first floor.

Hallway

With storage cupboard under stairs and leading to the shared living area, kitchen and ground floor bedroom.

Sitting Room

Offering communal lounge.

Kitchen

With access directly into an enclosed rear yard.

First Floor Landing
Separate WC

Off Landing.

Bedroom One

Ground Floor room with en-suite.

Bedroom Two

Double room on ground floor.

Bedroom Three

First floor double room.

Bedroom Four

First floor double room.

Bedroom Five

First floor single with shower.

Bathroom

Shared family sized bathroom on first floor with wc, shower and sink.

Outside

Rear yard area accessed from the kitchen.

Additional Information (provided by vendor)

Monthly Bills:- Council tax £110, water £23.41, gas £25, electricity £75, Broadband £29, cleaner £40.
(Annual council tax is £1095.52 Valuation band A)
Reason for sale: the seller is moving area and wants to invest locally when the move has taken place.

NOTE

Room 4 is vacant and has been recently let at £360pcm.

Tenure:

Freehold. Part let/part vacant.


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.