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6 Chapel Side, Chapel Street, Spondon, Derby, DE21 7JQ

Lot no: 98 Re-entry to a future auction
 

Guide Price £88,000+ 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 18th December 2020

10.30am
Key Features
  • Spacious three bedroomed maisonette
  • Located in the heart of Spondon village
  • UPVC double glazed, gas centrally heated
  • Cosmetic improvement required
  • EPC Rating: C
  • Excellent buy-to-let investment opportunity
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Re-entry to a future auction

Maisonette

Property Description:

Located in the heart of Spondon village centre is a well proportioned and maintained three bedroomed maisonette flat offered with immediate vacant possession. We would anticipate a rental income of circa £600 per calendar month (£7,200 per annum). This would represent an 8.18% return on the guide price. Internally the property has the benefit of uPVC double glazing and an upgraded gas central heating system and in brief comprises entrance lobby with built in cloaks, passaged hallway with staircase to first floor, dining kitchen with built in appliances and a generous sized front sitting room measuring 17'4" x 11'1". To the first floor landing there are three good sized bedrooms and a bathroom with suite in white. Outside to the rear there are communal grounds with on-street parking and lawned area. Excellent buy-to-let investment opportunity.

Approach

Communal steps leading to the front entrance door.

Entrance Lobby

Entered by an obscure double glazed PVC door to front and built in cloaks.

Passaged Hallway

With central heating radiator and staircase to first floor.

Dining Kitchen 14'3" reducing to 12'3" x 10'6"

With uPVC double glazed window. The fitted kitchen comprises a range of wall mounted cupboards with matching base units with drawers, preparation surface, stainless steel sink and drainer with splashback tiling. Integrated appliances comprise an electric oven with hob, cooker hood, laminate floor covering, built in cupboard, wall mounted Worcester combination boiler and central heating radiator.

Generous Sized Front Sitting Room 17'4" x 11'1"

With a large uPVC double glazed window to the front elevation, television point and central heating radiator.

First Floor Landing

With sky-light and a comprehensive range of built in cupboards providing excellent storage space.

Bedroom One 11' x 10'5"

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

Bedroom Two 11'5" x 9'

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

Bedroom Three 8'1" x 7'7"

With uPVC double glazed window and central heating radiator.

Bathroom

With obscure double glazed window in uPVC frame. Fitted with a three piece suite in white comprising panelled bath with mixer tap, shower attachment, low level wc, pedestal wash hand basin, tiling to walls and chrome laddered heated towel rail.

Outside

To the rear of the property there is on-street parking and a communal lawned area.

Tenure:

Leasehold.


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.