Semi-Detached House
An older style semi detached house of traditional construction which has been divided into two self-contained flats for a great many years. The main house has been re-roofed, and windows are uPVC double glazed varieties. The ground floor flat has the benefit of gas central heating and the first floor flat has electric heating.
Having the benefit of on-road parking, the property is well positioned for ease of access to the City centre, outer ringroad, Allenton district centre and other facilities.
In more detail the accommodation is as follows -
Communal Entrance Hall
With Minton tiled floor and uPVC entrance door.
Ground Floor Flat - Gas Centrally Heated
Sitting Room
With bay window to front elevation, picture rail, corniced ceiling, central heating radiator, archway connecting with -
Dining Kitchen
Having L-shaped work surfaces, inset stainless steel sink, range of base cupboard units, wall cupboards, wall mounted central heating boiler, appliance space.
Bedroom
With central heating radiator and large walk-in understair cupboard.
Bathroom
Having suite of panelled bath, pedestal wash basin, low flush wc and central heating radiator.
Enclosed Stairs lead to the -
First Floor Landing
With built in airing cupboard with hot water cylinder.
Separate wc
Bathroom
Having panelled bath, pedestal wash basin and electric heater.
Kitchen
With stainless steel sink unit, work surface, base and wall cupboards, appliance space, electric storage heater.
Double Bedroom
With electric storage heater.
Sitting Room
Having ornate fire surround and electric storage heater.
Outside
Walled and surfaced forecourt. Enclosed surfaced rear garden area - all laid out for ease of management.
Tenancy Details
The ground floor flat is let at £325 per calendar month (effective December '08). The first floor is let at £300 per calendar month (effective January '10).
We are advised that if both flats were let on maximum housing allowance, the combined income could be £8,975 per annum hence, scope for increase in rental yield.
Vendors Solicitors/Licensed Conveyancers
Beightons, 4 Victoria Street, Derby
Tenure
Freehold. Subject to tenancies.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a contract documentation charge of £395 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Wednesday 31st March
At Pride Park Stadium, Derby
Commencing at 11.30 am
RESIDENTIAL INVESTMENT PROPERTY – Two self-contained flats
UPVC double glazed and with new roof cladding
Both let on assured shorthold agreements yielding £7,500 per annum
Considered scope to increase rental yield
