A rare and exciting freehold residential development opportunity, to acquire a substantial three bedroom detached period property, formerly a pair of semi detached cottages (numbers 14 & 16), along with a two bedroom detached cottage (number 18) located to the rear, situated in the context of an established and sought after residential location.
Both dwellings are in need of improvement and upgrading throughout and sit on a sizeable mature plot, that is broadly rectangular in shape and may well lend itself to a separate small building plot, subject to obtaining the usual planning consents.
The detached property (14 & 16) in brief comprises; side porch, guest wc, entrance hall, two reception rooms and fitted kitchen. To the first floor passaged landing, there are three well proportioned double bedrooms, family bathroom with separate walk in storage cupboard. Outside to the front there is a small fore garden with hardstanding and an integral garage with double timber doors. To the side there is a large private garden.
Number 18 enjoys a secluded location and the charming brick built cottage in brief comprises; side porch, breakfast kitchen, rear sitting room, hallway with staircase, rear passage with pantry and guest wc. To the first floor, there are two double bedrooms and bathroom. To the side/rear of the property there is a further good size enclosed private garden. Please note there is only pedestrian access to the property.
The properties enjoy a well regarded residential location, conveniently positioned for local shops, schools and recreational facilities. Derby City Centre is a short commute, along with the A52 that provides swift access onto the the M1 Motorway and further regional business centres.
The sale provides a genuine opportunity for a discerning purchaser looking to acquire a superb residential investment opportunity, with the added benefit of immediate vacant possession at a very realistic and sensible guide price.
This property may qualify for stamp duty land tax relief, subject to certain conditions, please see further details below.
8ft 7 x 4ft 9
4ft 7 x 3
12ft 1 x 11ft 6
12ft 9 into chimney recess x 11ft 9
12ft 4 x 7ft 1
13ft 5 into chimney recess x 9ft 2
11ft 9 x 10ft 9
11ft 9 x 9ft 4
10 ft x 7ft Separate walk in cupboard measuring 6ft 10 x 2ft 5
The mature plot is broadly rectangular in shape with with lawn gardens, along with a range of specimen trees that provide a certain degree of privacy. In our opinion there is potential for a small building plot, subject to obtaining the necessary planning consents.
5ft 2 x 4ft 4
11ft max x 10ft 10
12ft into chimney recess x 12ft
8ft 1 x 4ft 9
5ft x 4ft 9
4ft 8 x 3ft 1
12ft 4 into chimney recess x 10ft 7
10ft 10 x 10ft 6
5ft 5 x 4ft 8
We believe that this property may be of a type that qualifies for Stamp Duty Land Tax/Land and Buildings Transaction Tax/Land Transaction Tax relief (as applicable). We work with a tax consultancy who can provide expert tax advice in this regard. Free consultations are available. You will only be charged a fee for this service based on any actual tax savings made, on a percentage basis. We in turn will receive a fee from the provider in exchange for referring you. Please contact us if you are interested for further details.
Freehold. Vacant possession upon completion.
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.
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.