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373 Somercotes Hill, Somercotes, Amber Valley, Alfreton, Derbyshire DE55 4JX

Lot no: 131 Re-entry to a future auction for £85,000
 

Guide Price £78,000+ 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 27th March 2024

9.00am
Key Features
  • Two Bed Semi Detached
  • Open Plan Living
  • Rear Garden and Garage
  • EPC Rating: E
  • Council Tax Band: A
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Re-entry to a future auction for £85,000

End of terrace house

Property Description:

Requiring a scheme of improvement throughout, this two bedroom semi detached property is located in the Derbyshire town of Somercotes. Ideal for an investor or first time buyer the property must be viewing to appreciate the accommodation on offer.

In brief, the accommodation comprises; lounge, dining room and a kitchen. Found to the first floor are two bedrooms with the master bedroom having fitted wardrobes, first floor landing with a storage cupboard and a bathroom having a three piece suite.

To the front of the property is a small fore garden. Shared access is located to the side of the property where there is a detached garage and gate to the rear garden.

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

Lounge 3.5m x 3.6m
Dining Area
Kitchen 2.2m x 2.2m
First Floor Landing 3.4m 1.8m
Bedroom One 3.8m x 3.6m
Bedroom Two 3.4m x 1.9m
Bathroom 2.2m x 2.3m
Tenure:

Freehold. See legal pack.



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.