Semi-detached house
An excellent freehold residential investment opportunity to acquire a fully licensed five bedroomed, three storied HMO property conveniently positioned for Derby City Centre and Derbion Shopping centre.
Currently the property is part let, part vacant. Three of the five rooms are currently let, with an annual income of £17,100. Based on the guide the current yield sits at 9.2%. Once fully let the potential annual income is £28,620, converting to a yield of 15.4%. In lour there is scope for rental increase.
Internally the well equipped living accommodation has the benefit of sealed unit uPVC double glazing, gas central heating and in brief comprises entrance hall, spacious kitchen diner, lean-to/workshop and two double bedrooms. To the first floor landing there are two double bedrooms, a bathroom and a shower room and to the second floor a loft room/bedroom. Outside to the front there is a walled fore court and gated driveway with carport to the side. To the rear there is an enclosed garden.
The property is situated in the context of an established residential location always a popular choice with landlords and families.
Additional Information:
Water: Mains
Sewerage: Mains
Heating: Mains gas central heating
Building construction: Standard brick
Broadband: Standard, Ultrafast and Superfast is available in this location.
Mobile Signal: EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Satellite and Cable TV Availability: Sky, Virgin and BT are available in this location.
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 Fixed Fee.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
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.
