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20 Swinburne Street, Derby, Derbyshire DE1 2HJ

Lot no: 51 Sold at Auction for £200,000
 

Guide Price £175,000+ 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.

Wednesday 13th February 2019

11.30am
Key Features
  • HMO property currently producing approx £25,000 gross in rent per annum
  • Particularly attractive semi-detached residence
  • Well equipped accommodation arranged over three floors
  • Planning granted for conversion to five self-contained one bedroomed flats under Ref: DER/12/14/01642/PRI
  • EPC Rating: E
  • Cul-de-sac location close to the city centre and Intu shopping centre
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Sold at Auction for £200,000

Semi-detached house

Property Description:

The well equipped character accommodation has the benefit of double glazing and gas central heating and in brief comprises communal entrance hall with bedroom, lounge, utility, wc/shower room and an extended modern fitted kitchen. To the first floor landing there is a staircase leading to the second floor, wc, separate bathroom, four bedrooms and to the top floor there are two further bedrooms. Outside to the rear there is an enclosed garden.

The property is situated close to the Intu shopping centre in the context of an established residence location always popular with landlords and families. Excellent freehold investment opportunity.

The property has planning permission granted for conversion to five self-contained one bedroomed flats under Ref: DER/12/14/01642/PRI.

Communal Entrance Hall
Bedroom (Front)
Sitting Room
Utility Room
Shower Room/Guest Wc
Extended Modern Fitted Kitchen
First Floor Landing
Four Bedrooms
WC
Separate Bathroom
Second Floor:
Two Bedrooms
Outside

Rear garden.

Tenure:

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.