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40 Howe Street, Derby DE22 3ER

Lot no: 194 Sold Prior to Auction
 

Guide Price £99,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 29th February 2024

10.00am
Key Features
  • Excellent student investment
  • Scope to add bedrooms and increase returns
  • Very popular residential location
  • Previously a successful HMO and AST Rental
  • Two double bedrooms and Two reception rooms
  • Private rear garden
  • Walking distance to excellent amenities
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Sold Prior to Auction

Terraced House

Property Description:

The property has a strong track record of providing successful rental returns. The property has previously been occupied by students generating £1040 PCM and is now vacant.

The gas centrally heated and UPVC double glazed accommodation is accessed from a shared external passage into a formal entrance hallway with stairs to the first floor and access to a cellar, separate front reception room, rear dining room leading into a kitchen. To the first floor a semi-galleried landing leads to two generous double bedrooms and bathroom with shower over bath.

Externally there is ample street parking, gated rear access to a larger than average garden with brick outbuilding providing a utility room.

Located off Slack Lane, close to the city centre and Royal hospital the property is an ideal buy to let investment.

Additional Information
Parking Arrangements: On street parking
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Mains gas
Building construction: Standard brick
Flood Risk: Very low
Broadband: Standard, Superfast and Ultrafast available
Mobile Signal: O2, EE, Three and Vodafone available
Satellite and Cable TV Availability: BT, Sky and Virgin available

Entrance Hallway
Lounge/bedroom three - 3.78m x 3.71m
Dining Room - 3.91m x 3.84m
Kitchen - 2.74m x 2.11m
Bedroom One - 3.78m x 3.71m
Bedroom Two - 3.96m x 3.94m
Bathroom - 2.74m x 2.13m
Private rear garden
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 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.
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