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52 Bedford Street, Derby, Derbyshire DE22 3PB

Lot no: 54 Sold at Auction for £180,000
 

Guide Price £165,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 11th April 2019

11.30am
Key Features
  • Six Bedroom HMO
  • Fully HMO Compliant
  • Four Double En-Suites
  • Modern Fitted Kitchen
  • EPC Rating: D
  • Good Quality Furniture Included
  • Available Immediately
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Sold at Auction for £180,000

House of Multiple Occupation

Property Description:

A fantastic investment opportunity!! This 6 bedroom property yields approx £27,000 per annum when fully let and comes with land to the rear suitable for development. All the bedrooms are double with four of them being en suite and two sharing one family bathroom. There is a large modern kitchen downstairs along with a well sized communal living room. The property is fully HMO compliant and finished to a high standard throughout.

Bedroom One 3.47m x 3.48m

En-Suite 1.46m x 1.85m

Bedroom Two 3.97m x 2.56m

En-Suite 1.82m x 2.69m

Bedroom Three 3.63m x 3.50m

En-Suite 2.17m x 1.27m

Bedroom Four 3.74m x 2.74m
Bedroom Five 2.73m x 4.03m
Bedroom Six 3.96m x 4.77m

En-Suite inc shower 2.26m x 1.86m

Living Room 4.74m x 3.76m
Kitchen Diner 6.77m x 4.60m
Rental Breakdown

Room 1 - £390
Room 2 – Empty (achieves £390)
Room 3 – Empty (achieves £440)
Room 4 - £300
Room 5 - £300
Room 6 – £420

Total current income - £1,410 PCM - £16,920 PA
Total income when fully let - £2,240 PCM - £26,880 PA

VIEWINGS

Please contact our joint agent Acquire Properties - 01332 448036 to book a viewing.

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 Variable Fee (England and Wales).

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 fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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.