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22 Reeves Road, Derby, Derbyshire DE23 8JE

Lot no: 2 Sold at Auction for £56,000
 

Guide Price £55,000+ 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 25th October 2019

11.30am
Key Features
  • Two bedroomed mid-terraced property
  • Scheme of upgrading and improvement required
  • Situated in the context of an established residential location
  • Excellent freehold investment opportunity
  • EPC Rating: D
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Sold at Auction for £56,000

Terraced House

Property Description:

DRAFT DETAILS AWAITING VENDOR APPROVAL. Internally the property has the benefit of gas central heating, part double glazing and in brief comprises lounge, inner lobby, separate dining room, fitted kitchen with opening through to a pantry/utility area. To the first floor landing there are two double bedrooms and a bathroom. To the side there is gated shared passageway leading to an enclosed garden.

The location is always a popular choice with first time buyers, landlords and represents an excellent buy-to-let opportunity.

Lounge 12'8" x 10'6" to chimney recess

Entered by double glazed PVC door to front, sealed unit double glazed window in uPVC frame to front elevation, central heating radiator.

Inner Lobby

With useful understair storage cupboard.

Separate Dining Room 12' x 10'5" into chimney recess

With window to rear elevation, central heating radiator and staircase to first floor.

Kitchen 11'x 6'3"

With window and door to side. 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 a cooker point, plumbing for washing machine, wall mounted boiler, central heating radiator, opening through to a -

Walk-In Pantry/Utility Area 8' x 4'10"

With window to side and wall mounted Dimplex heater.

First Floor Landing
Bedroom One 12'5" x 10'6"

With window to front elevation and central heating radiator.

Bedroom Two 12'1" x 10'6" into chimney recess

With window to rear elevation, ornate cast iron open fireplace, built in cupboard and central heating radiator.

Bathroom 11'4" x 6'4"

With window to rear elevation. Fitted with a three piece suite comprising a panelled bath, low level wc, pedestal wash hand basin, complementary tiling to the walls and central heating radiator.

Outside

To the side there is gated side passageway leading to an enclosed rear garden.

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.