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76 Reeves Road, Derby, Derbyshire DE23 8JE

Lot no: 27A Sold Prior to Auction
 

Guide Price £57,000+ 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.

Friday 14th February 2020

11.30am
Key Features
  • Two double bedroomed mid-terraced property
  • Gas central heating (where stated) and double glazed
  • In need of improvement
  • Excellent freehold investment opportunity
  • EPC Rating: E
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Sold Prior to Auction

Terraced House

Property Description:

A well located two bedroomed terraced house offering the opportunity for cosmetic or further development and ideal for the individual, family or buy-to-let investor. Excellent freehold investment opportunity.

The property is situated in a popular residential location, close to local amenities, bus service, Derby city centre and major road networks.

Lounge through Diner 8.56m (max) x 3.19m (max)

With double glazed part glazed front door, central heating radiators, double glazed window to the front and rear elevations, understairs cupboard and stairs leading to first floor.

Kitchen 3.30m (max) x 1.87m (max)

Fitted with kitchen units to two sides, central heating radiator, door to rear garden and double glazed window.

First Floor

Leading to -

Bedroom One 3.75m (max) x 3.20m (max)

With double glazed window and central heating radiator.

Bedroom Two 3.77m (max) x 1.8m (max)

With double glazed window, central heating radiator and built in storage cupboard.

Bathroom

With sink, toilet and bath, part tiled walls, double glazed window and built in cupboard.

Outside

To the rear of the property there is an enclosed garden.

PLEASE NOTE:

We have been informed that the property may have Japanese Knotweed and that no treatment plan is in place.

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 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.