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31 Olive Street, Derby DE22 3RH

Lot no: 111 Sold Prior to Auction for £90,000
 

Guide Price £85,000+ 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.

Thursday 29th September 2022

10.00am
Key Features
  • Mid Terrace Property
  • Two Reception Rooms
  • Ground Floor Shower Room
  • Two Double Bedrooms
  • EPC Rating: D
  • Council Tac Band: A
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Sold Prior to Auction for £90,000

End of terrace house

Property Description:

DRAFT DETAILS - awaiting vendor approval

This two bedroomed, end-terraced property is located just outside of Derby City Centre and is a great opportunity for first time buyers or investors. The accommodation on offer briefly comprises on the ground floor; living room leading through to dining room, providing access to the cellar, kitchen, utility room and shower room. To the first floor are two spacious bedrooms. Outside to the rear there is an enclosed, low maintenance garden with a shed and paved area. To the front there is on street parking. Olive Street is conveniently located close to local shops, schools and amenities, as well as having excellent road links with the A38, A52 and M1 motorway leading on to East Midlands Airport. Internal viewing is a must to appreciate the standard of the accommodation on offer.

Living Room 11ft 2 x 10ft 11 (3.40m x 3.32m)
Dining Room 10ft 11 x 11ft 2 (3.32m x 3.40m)
Kitchen 9ft 9 x 6ft 2 (2.97m x 1.99m)
Utility Room 6ft 6 x 2ft 10 (1.98m x 0.86m)
Shower Room 6ft 1 x 5ft 11 (1.85m x 1.80m)
First Floor Landing
Bedroom One 10ft 11 x 11ft 2 ( 3.32m x 3.40m)
Bedroom Two 10ft 11 x 11ft 2 (3.32m x 3.40m)
Note

Please be advised that whilst our partner agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure:

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 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.


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 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.