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8 Scott Street, Derby DE23 8QT

Lot no: 1 Sold at Auction for £85,000
 

Guide Price £55,000+ 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 27th October 2022

10.00am
Key Features
  • A three bedroomed mid-terraced property
  • Full scheme of improvement and upgrading required
  • Potential loft conversion (subject to planning consent)
  • Part of the first floor accommodation over the shared passage
  • Enclosed rear garden
  • Situated in the context of an established residential location
  • Excellent residential investment opportunity
  • EPC Rating: G
  • Council Tax Band: A
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Sold at Auction for £85,000

Terraced House

Property Description:

DRAFT DETAILS - AWAITING APPROVAL

An excellent residential investment opportunity to acquire a very sensibly priced three bedroomed mid-terraced property requiring a full scheme of improvement and upgrading throughout.

Internally the property has the benefit of uPVC double glazing (where stated) and in brief comprises a lounge through diner measuring 27ft 5 in length with kitchen, rear lobby and bathroom. First floor passaged landing with part of the first floor accommodation formed over the shared passageway and provides slightly larger than average living space which in our opinion could be reconfigured to provide a bathroom/shower room subject to the usual building regulations. There are three well proportioned bedrooms and potential for loft conversion subject to obtaining the usual planning consents. Outside there is a shared passageway leading to an enclosed low maintenance rear garden.

The property is conveniently positioned for Cavendish and Normanton shopping centre and is always a popular choice with first time buyers, landlords and investors.

Lounge 27ft 5 x 10ft 11 into chimney recess

Entered by PVC door to front and uPVC double glazed window to the front and rear elevation and central staircase leading to the first floor.

Kitchen 9ft 6 x 6ft 4

With double glazed window to the side and door to the side. The fitted kitchen comprises a base unit with stainless steel sink and drainer.

Rear Lobby 6ft 11 x 2ft

Leading to -

Bathroom 7ft x 5ft

With double glazed window. Three piece bathroom suite comprises a panelled bath with low level wc and pedestal wash hand basin.

First Floor Passaged Landing

Leading to -

Bedroom One 14ft 8 into wardrobe x 12ft

With two uPVC double glazed windows to the front elevation. Please note in our opinion a bathroom/shower room could potentially be fitted into this room subject to the usual building regulations. May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

Bedroom Two 12ft x 11ft 7 into chimney recess

With uPVC double glazed window to the rear elevation, built in wardrobe and central heating radiator.

Bedroom Three 10ft 2 x 9ft 5

With uPVC double glazed window to the rear elevation and radiator.

Loft Area 14ft 1 x 15ft 3 - restricted height

Accessed via a pull-down ladder and with roof light. Please note we feel there is potential to convert this into a loft bedroom subject to obtaining the usual planning consents. May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

Outside

There is a shared passageway leading to an enclosed low maintenance garden.

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.
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