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54 Mapperley Road, Mapperley Park, Nottingham, NG3 5AS

Lot no: 29 Sold at Auction for £365,000
 

Guide Price £325,000+ 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.

Friday 27th September 2019

11.30am
Key Features
  • A substantial eight bedroomed property set on a generous sized plot
  • Potential for development/building plot (subject to planning permission)
  • Ample internal space with period features
  • Requires upgrading throughout
  • EPC Rating: E
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Sold at Auction for £365,000

Semi-detached house

Property Description:

DRAFT DETAILS
This well-proportioned period property is placed on a generous plot and provides significant opportunity to those wishing to develop and actively add value.

The property enjoys period features that are immediately apparent on entering the property. The entrance hall provides access to the main reception spaces which are divided by sliding double doors. To the rear of the property, an additional reception room provides access to the kitchen, which in turn leads through to a conservatory/garden room, with French doors opening out on to the garden. This space has been subdivided to create a useful ground floor WC / potential bathroom.

To the first floor, four bedrooms share the use of a sizeable bathroom to the rear of the property. The second floor benefits from three further bedrooms, and a further bathroom. There is an additional room to the third floor.

In addition to the already ample internal space, there is also a basement with access via the ground floor entrance hall, as well as two garages to the property which could offer further potential for development/building plot subject to planning permission.

The property is sold as seen and will require modernisation but this work appears predominantly cosmetic and offers significant opportunity to both the investor and residential market. It is also worth noting the potential to develop the rear of the plot into further detached residences and the cellar into a self-contained apartment (subject to planning consents) as seen on similar addresses in the vicinity.

The accommodation comprises:

Ground Floor:

With access to basement.

Entrance Hall
Reception Room One

5.38m x 4.60m

Reception Room Two

4.80m x 4.73m

Reception Room Three

3.67m x 3.97m

Kitchen
WC
Garden Room

4.87m x 4.16m

First Floor:

Landing leading to:

Bedroom One

4.50m x 4.59m

Bedroom Two

4.79m x 4.76m

Bedroom Three

2.84m x 2.91m

Bedroom Four/Study

2.58m x 3.55m

Bathroom
Storage
Second Floor:

Landing leading to:

Bedroom Five

4.61m x 4.11m

Bedroom Six

2.84m x 4.61m

Bedroom Seven

3.34m x 3.79m

Bathroom
Third Floor:

Stairs leading to:

Attic/Bedroom Eight

7.06m x 3.78m

Outside

Two garages

Tenure:

Freehold.


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.