Terraced House
A two bedroomed inner terraced property offering close to Heanor town centre and offering an excellent investment opportunity with excellent yield potential.
The accommodation is supplemented by gas fired central heating, double glazing and briefly comprises lounge and fitted kitchen with good sized under stairs cupboard. To the first floor is a double bedroom to the front, second bedroom and bathroom with three piece suite. To the front of the property is a low maintenance gravelled area and to the rear of the property, set slightly away from the building is a paved patio area and stone built outbuilding.
The property is let producing £450 per calendar month (£5,400 per annum).
Ray Street is conveniently situated within walking distance of Heanor Market Square and public transport routes. The property also benefits from excellent road links with the A38 and A610 leading to the M1 motorway.
11ft 10 x 11ft 7 (3.60m x 3.53m) max.
10ft x 8ft 3 (3.05m x 2.51m) max.
Leading to -
12ft x 11ft 8 (3.65m x 3.55m) max.
9ft 11 x 5ft 3 (3.02m x 1.60m).
6ft 9 x 3ft 10 (2.06m x 1.17m) max.
Please be advised that whilst our joint 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.
The photos were taken in 2018.
These sales details are awaiting vendor approval.
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 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.
