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92 Porter Road, Derby DE23 6RA

Lot no: 6 Sold at Auction for £122,000
 

Guide Price £65,000+ 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.

Tuesday 5th September 2023

10.00am
Key Features
  • Larger than average two double bedroomed mid-terraced property
  • First floor accommodation arranged over shared passage way
  • Potential for extension and loft conversion subject to planning
  • Scope to reconfigure first floor accommodation to three bedrooms
  • Comprehensive scheme of improvement and upgrading
  • Situated within yards of Dale Primary School
  • Potential to convert to a HMO property subject to planning
  • EPC Rating: Awaited
  • Council Tax Band: A
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Sold at Auction for £122,000

Terraced House

Property Description:

An excellent opportunity to acquire a larger than average two double bedroomed palisaded mid-terraced property, requiring renovation and offering significant potential to reconfigure the first floor layout to provide three bedrooms, subject to building regulations.

Internally the property retains a wealth of original features and in brief the double glazed living accommodation consist of entrance vestibule with Minton tiled floor covering, passaged hallway with original staircase, front sitting room/occasional guest bedroom, separate dining room and kitchen. To the first floor landing the accommodation is arranged over the side shared passageway and provides two large double bedrooms with dressing room and bathroom. Please note in our opinion there is scope for a loft conversion subject to obtaining the usual planning consents. Outside to the front there is small fore court and gated shared passageway leads to a yard with adjoining outbuilding with wc and mature garden.

The property is situated in the context of an established and strong residential letting location, always a popular choice with first time buyers, landlords/investors locally and nationally.

Superb residential investment opportunity that lends itself to a HMO style conversion, subject to the usual planning and building regulations.

Entrance Vestibule and Passaged Hallway

15ft 4 x 3ft

Lounge/Occasional Guest Bedroom

12ft x 11ft 8 into chimney recess

Separate Dining Room

12ft x 11ft 8 into chimney recess

Kitchen

9 ft into recess x 8 ft

First Floor Landing

Giving access to -

Bedroom One

17ft 10 into chimney recess x 12ft

Bedroom Two

12ft 4 into chimney recess x 12ft

Dressing Room

8ft 4 x 7ft 4

Bathroom

10ft x 8ft 6

Outside

Outside to the front there is small fore court and gated shared passageway leads to a yard with adjoining outbuilding with wc and mature 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. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 (and any applicable Home Report for residential Scottish properties).


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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