Terraced House
Situated within walking distance of the city centre and the fashionable Friar Gate area of Derby is a larger than average three double bedroomed mid-terraced property offered with immediate vacant possession. We are informed by the seller that the property was last let at £16,300 per annum. This will represent a significant high yield return of 16.4% based on the guide price. In our opinion there is potential for a loft conversion and the property may well also be suitable as a small HMO property subject to the usual planning consents.
Internally the character accommodation has the benefit of uPVC double glazing, gas central heating and in brief comprises entrance hallway with Minton tiled floor covering, a rear sitting room, bedroom/dining room, breakfast kitchen room with appliances included within the sale, rear lobby with bathroom having suite in white with shower. To the first floor passaged landing there are three double bedrooms. Outside to the rear there is an enclosed garden enjoying a southerly aspect.
Excellent high yield investment opportunity.
Entered by PVC door to front, Minton tiled floor covering, central heating radiator, moulded coving to ceiling with original archway and staircase to first floor.
With uPVC double glazed window to the rear elevation, wall mounted contemporary style electric fire, laminate floor covering, picture rail, central heating radiator, moulded coving to ceiling and ornamental rose.
With uPVC double glazed window to front elevation, moulded coving to ceiling, ornamental rose, picture rail and central heating radiator.
With uPVC double glazed window to the side elevation. The fitted kitchen comprises a comprehensive range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with mixer tap and splashback tiling. Included within the sale is an Indesit gas cooker/oven, Beko washing machine, fridge and separate freezer, central heating radiator and door to cellar.
With uPVC door leading out onto the rear yard.
With uPVC double glazed window to the rear elevation. Comprising a three piece suite in white with panelled bath, shower unit over and shower rail, pedestal wash hand basin, tiling to walls, extractor fan and central heating radiator. The toilet is in a separate compartment located off the bathroom with tiling to the walls, low level wc and extractor fan.
With continuation of the spindled balustrade, loft access and fitted cupboard.
With uPVC double glazed window to the front elevation and central heating radiator.
With uPVC double glazed window to the rear elevation and central heating radiator.
With uPVC double glazed window to the rear elevation, fitted cupboards with wall mounted Worcester combination boiler and central heating radiator.
To the front the property has an attractive appearance and to the rear there is an enclosed easy to manage garden enjoying a southerly aspect.
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.
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