Detached house
DRAFT DETAILS - AWAITING APPROVAL
An infrequent and exciting buy-to-let investment opportunity to acquire a former two bedroomed detached coach house located in an established residential location conveniently positioned for Derby University Campus and the city centre.
We are informed by the seller that the property was let as student accommodation producing £750 per calendar month (£9,000 per annum). This would represent a 15.25% return based on the guide price.
The well equipped living accommodation is double glazed with electric panel heaters and in brief comprises a lounge with staircase to first floor and dining kitchen with built in appliances. To the first floor landing there are two good sized bedrooms and a separate shower room. Outside the property is accessed via number 18 Howe Street which in turn leads to a full width tarmaced area which could be sectioned off.
Entered by a double glazed door and window to the front, staircase to first floor and electric panel heater.
With double glazed window and door to the front elevation. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, sink and drainer with mixer tap and splashback tiling. Integrated appliances comprise a stainless steel electric oven with a hob, cooker hood, plumbing for washing machine, extractor fan and electric panel heater.
Leading to -
With window and roof light to the front elevation and electric panel heater.
With window and roof light to the front elevation, built in wardrobe and electric panel heater.
Please Note: This is an irregular shaped room. With roof light, a shower cubicle, low level wc, pedesstal wash hand basin, tiling to walls and extractor fan.
The property is accessed via the tarmacadam path/driveway located adjacent to number 18 Howe Street and in turn leads to the coach house. We are informed by the seller there is a tarmac area to the front which could be sectioned off.
Freehold. Vacant possession upon completion.
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 (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.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
