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48 Little Hallam Lane, Erewash, Ilkeston, Derbyshire DE7 4AH

Lot no: 147 Sold After Auction
 

Guide Price £60,000 - £75,000 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.

Wednesday 31st January 2024

10.00am
Key Features
  • Guide £60,000 - £70,000
  • Two bedroomed corner terraced house
  • Gas centrally heated and double glazed
  • Requires modernisation and improvement
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Sold After Auction

Terraced House

Property Description:

A TWO BEDROOM CORNER TERRACED HOUSE REQUIRING MODERNISATION AND IMPROVEMENT. Situated on a corner position, believed to be originally a Victorian corner shop. This terraced house sits in a residential suburb close to the town centre of Ilkeston.
Previously a private rental dwelling and now vacant the property offers great potential for investors. Double glazed, gas centrally heated, the electrics were last upgraded and tested in 2021. The accommodation comprises; Lounge, dining kitchen, rear lobby and ground floor shower room. The first floor landing provides access to two double bedrooms.

Lounge - 4.24 x 3.42

Radiator, double glazed window and Upvc front entrance door.

Dining Kitchen - 3.32 reducing to 2.7 x 3.37

Fitted wall and base cupboards, work surfacing and single bowl sink unit with single drainer. Electric oven and hob. Wall mounted Glow Worm gas boiler ( for central heating and indirect hot water, not tested).Under stair store cupboard, door to staircase. Double glazed window and door to rear lobby.

Rear Lobby

Door to rear and door to shower room.

Shower Room

Three piece suite comprising wash hand basin, low flush WC and shower cubical with electric shower.

Bedroom 1 - 4.32 x 3.46

Radiator, Double glazed window to the front.

Bedroom 2 - 3.38 x 3.38

An irregular shaped room with built in airing cupboard housing hot water cylinder. Radiator, double glazed window.

Outside

The property fronts the pavement and has a small rear yard.

Draft Sales Details

These sales details are awaiting vendor approval.

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.