Terraced House
Situated within short walking distance of the town centre, is a character three storey, five bedroom town house, offers significant potential to convert into a HMO property subject to obtaining the necessary planning consents.
The imposing property retains many original features and requires a comprehensive scheme of improvement and upgrading. A recommended internal inspection will reveal: entrance hallway with staircase to first floor, front sitting room and breakfast kitchen room with door to cellar. To the first floor landing there two well proportioned bedrooms, large family bathroom, staircase to the second floor where there are three further bedrooms. To the front there is shared pedestrian access leading to a large garden.
The property occupies an established and convenient residential location, always popular with landlords/investors, first time buyers and families. The town centre offers an excellent range of shops and amenities. The nearby A38 provides swift access onto the A50, Toyota, Derby and further regional business centres.
The sale provides a genuine opportunity for a discerning purchaser looking to acquire a very attractively priced freehold residential investment property, situated in a strong letting location.
17ft 3 x 2ft 9
13ft 2 x 12ft 8 into chimney recess
13ft 9 into chimney recess x 12ft
13ft 1 x 12ft 8 into chimney recess
9ft x 8ft 6
12ft 10 into chimney recess x 11ft 9
13ft 1 into chimney recess x 13ft 3
12ft 2 x 12ft
We we unable to access bedroom, however we understand the room is approximately the same size as bedroom two located on the first floor directly below.
To the front there is shared pedestrian access leading to a large garden.
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.
