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7-9 Stables Street, Derby, Derbyshire DE22 3EJ

Lot no: 2 Sold at Auction for £94,500
 

Guide Price £50,000+ 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 13th December 2019

11.30am
Key Features
  • Two self-contained one bedroomed flats
  • Some improvement and upgrading required
  • Popular and convenient location
  • Excellent buy-to-let investment opportunity
  • EPC Rating: D & D
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Sold at Auction for £94,500

End of terrace house

Property Description:

An excellent buy-to-let investment opportunity to acquire two x one bedroomed self-contained flats occupying a popular and convenient location.

The flats require some improvement and upgrading and in brief comprise communal entrance hall, the ground floor flat which is mostly uPVC double glazed, gas centrally heated consists of lounge, bedroom, kitchen and bathroom with shower. There is also access leading out onto the enclosed low maintenance rear garden. The first floor leads to number 9 which is double glazed, gas centrally heated and consists of passaged landing, open plan lounge kitchen, double bedroom and a bathroom with shower.

The properties are situated within an established residential location close to Derby University and the city centre.

Communal Entrance Hall

Entered by door to front with access leading through to the ground floor flat and staircase to the first floor flat.

7 Stables Street

Comprises -

Lounge 11' x 9'2"

Having obscure glazed window to the side elevation, useful understair storage area, central heating radiator and access through to bedroom and kitchen.

Bedroom 11'1" x 9'1"

With sealed unit double glazed window in uPVC frame to the front elevation and central heating radiator.

Kitchen 8'8" x 6'3"

With 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 cooker point.

Bathroom 7'3" x 6'6"

With obscure sealed unit double glazed window in uPVC frame to the side elevation. Fitted with a three piece suite in white comprises a panelled bath with shower unit over and shower rail, low level wc, pedestal wash hand basin, wall mounted Ideal combination boiler and central heating radiator.

9 Stables Street

Comprises -

First Floor Passaged Landing

With central heating radiator.

Open Plan Lounge Kitchen 12'6" x 14'4"

With sealed unit double glazed window in uPVC frame to the front elevation, two central heating radiators. 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.

Bedroom 11'2" reducing to 8' x 9'8" into chimney recess

Please note this is an irregular shaped room. With sealed unit double glazed window in uPVC frame to the rear elevation, television aerial lead and central heating radiator.

Bathroom 6'5" x 8'9"

With sealed unit double glazed window in uPVC frame. Fitted with a three piece suite in white comprising a panelled bath with shower unit over and shower rail, low level wc, pedestal wash hand basin, complementary tiling to the walls, wall mounted Viessmann combination boiler and central heating radiator.

Outside

To the rear of the property there is an enclosed low maintenance garden with outbuilding.

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.