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47 Heanor Road, Codnor, Ripley, Derbyshire DE5 9SF

Lot no: 16 Sold After Auction
 

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.

Thursday 11th April 2019

11.30am
Key Features
  • Excellent residential investment opportunity
  • Large detached property on corner plot with parking to rear
  • Converted into four self-contained one bedroomed flats
  • Part let, part vacant with potential income in the region of £16,000 to £18,000 p.a.
  • EPC Rating: E, E, E, E
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Sold After Auction

Detached house

Property Description:

At present Flat 3 is the only flat currently let and produces £317 per calendar month. The remaining three other flats are all vacant and offer neutral decor scope for minor improvement and upgrading.

To the ground floor, flat one consists of front entrance hall with L-shaped inner hall, lounge, fitted kitchenette, double bedroom and bathroom. Flat two is accessed from the rear and consists of a lounge, inner lobby, fitted kitchenette, double bedroom and bathroom. Flats three and four are accessed via a ground floor door to the rear with staircase leading to a communal landing. Flat three consists of lounge, inner lobby, fitted kitchenette, double bedroom and bathroom. Flat four consists of an L-shaped entrance hall with walk-in cupboard, double bedroom, lounge, fitted kitchenette and bathroom. Outside to the front there is a walled fore court and to the side of the property there is an enclosed walled parking area for comfortably four/five vehicles.

The property is situated within literally yards of Codnor village shopping centre which has a useful range of amenities and excellent road network connections providing swift access onto the cities of Derby, Nottingham and the M1 motorway.

FLAT ONE (VACANT)

Comprises -

Ground Floor Entrance Hall

Entered by door to front with -

L-Shaped Inner Hall

With fitted cupboard.

Lounge 11'1" x 10'9"

With sealed unit uPVC double glazed window in uPVC frame to the front elevation, wall mounted electric panel heater, airing cupboard and access through to the kitchen.

Kitchenette

With sealed uiti double glazed window in uPVC frame to the rear elevation. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with splashback tiling. There is plumbing for an automatic washing machine and cooker point.

Double Bedroom 13'1" into chimney recess x 12'2"

With sealed unit double glazed window in uPVC frame to the front elevation and wall mounted electric panel heater.

Bathroom

With sealed unit double glazed window in uPVC frame to the rear elevation. Fitted with a three piece suite comprising panelled bath with shower unit and shower rail, low level wc, pedestal wash hand basin, wall mounted heater and complementary tiling to the walls.

FLAT TWO (VACANT)

Accessed from the rear with door and built in cloaks.

Lounge 18' x 9'10"

With sealed unit double glazed window in uPVC frame to the rear elevation and wall mounted electric panel heater.

Inner Lobby
Kitchenette

With sealed unit double glazed window in uPVC frame to the front elevation. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with splashback tiling. There is plumbing for an automatic washing machine and cooker point.

Bedroom 14'11" x 8'3"

With sealed unit double glazed window in uPVC frame to the side elevation, wall mounted electric panel heater and airing cupboard.

Bathroom

With sealed unit double glazed window in uPVC frame to the rear elevation. Fitted with a three piece suite comprising panelled bath, shower unit over, shower rail, low level wc, pedestal wash hand basin, wall mounted heater and complementary tiling to the walls.

FLATS THREE AND FOUR

Accessed from the communal ground floor entrance door which is an obscure double glazed PVC door and with staircase to -

First Floor Landing

Leading to -

FLAT THREE (TENANTED)

Comprising

Lounge 18'4" x 10'4"

With sealed unit double glazed window in uPVC frame to the rear elevation and wall mounted electric panel heater.

Inner Lobby
Kitchenette

With sealed unit double glazed window in uPVC frame to the front elevation. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with splashback tiling. There is plumbing for an automatic washing machine and cooker point.

Double Bedroom 14'9" x 8'10" (please note this is an irregular shaped room)

With sealed unit double glazed window in uPVC frame to the side elevation and wall mounted electric panel heater.

Bathroom

With sealed unit double glazed window in uPVC frame to the front elevation. Fitted with a three piece suite comprising a panelled bath, shower unit over and shower rail, low level wc, pedestal wash hand basin, wall mounted electric heater and complementary tiling to the walls.

FLAT FOUR (VACANT)

Comprising -

L-Shaped Entrance Hall

With airing cupboard and separate walk-in cupboard (7'8" x 3'2") which could provide a number of different uses.

Bedroom 13' into chimney recess x 12'1"

With sealed unit double glazed window in uPVC frame to the front elevation, wall mounted electric panel heater.

Lounge 11'3" x 11'

With sealed unit double glazed window in uPVC frame to the rear elevation, wall mounted electric panel heater and access through to the kitchen.

Kitchenette

With sealed unti double glazed window in uPVC frame to the side elevation. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer and splashback tiling. There is plumbing for an automatic washing machine and cooker point.

Bathroom

With sealed unit double glazed window in uPVC frame to the rear elevation. Fitted with a three piece suite comprising a panelled bath with shower unit over and shower rail, low level wc, pedestal wash hand basin, wall mounted heater and complementary tiling to the walls.

Outside

To the front the property commands a very prominent corner plot position with a walled fore garden. To the side of the property there is an enclosed walled parking area for comfortably for four to five vehicles.

NOTE

Flats one, two and four are vacant. Flat three is currently let on an assured shorthold tenancy agreement producing £317 per calendar month,

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.