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19 Farm Street, Derby DE22 3UH

Lot no: 46 Sold at Auction for £87,000
 

Guide Price £78,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 23rd February 2023

10.00am
Key Features
  • Well maintained two bedroom mid terrace property
  • Currently let on a rolling AST contract producing £480 per calendar(£5,760 per annum)
  • Scope for significant rental increase
  • Excellent residential investment opportunity
  • EPC Rating: D
  • Council Tax Band: A
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Sold at Auction for £87,000

Terraced House

Property Description:

Conveniently positioned for the city centre is this well maintained two bedroom mid terrace currently let on a rolling assured shorthold tenancy agreement at £480 per calendar month(£5,760 per annum) offers scope for significant rental increase.

Internally, the property has the benefit of being uPVC double glazed, gas centrally heated and in brief comprises a front sitting room, inner lobby, separate dining room and fitted kitchen. To the first floor passaged landing, there are two well proportioned bedrooms and bathroom. Outside to the rear, there is a small enclosed low maintenance rear garden with an adjoining brick built outbuilding.

The property is situated in a strong letting location and also a popular choice with first time buyers and young professionals. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Front sitting room - 11ft into chimney recess x 11ft1
Inner lobby
Separate dining room - 11ft1 into chimney recess x 11ft
Kitchen - 9ft2 x 6ft
First floor Passaged landing - 14ft7 x 2ft11
Bedroom One - 11ft1 into wardrobe x 11ft3
Bedroom Two - 11ft2 x 8ft into chimney recess
Bathroom - 9ft11 x 5ft10
Outside

To the rear there is a small enclosed yard/patio which is mostly slabbed with brick wall surround and an attached brick built outbuilding with two rooms, one of which has plumbing for an automatic washing machine. Please note there is pedestrian access leading onto Sun Street.

Tenure:

Freehold. Subject to tenancy.



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.