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17 Thomas Street, Loughborough, Leicestershire LE11 1SH

Lot no: 61 Re-entry to a future auction
 

Guide Price £100,000+ 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.

Thursday 25th April 2024

9.00am
Key Features
  • Two bedroom terraced house
  • Two reception rooms
  • Requires modernisation
  • Good letting location
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Re-entry to a future auction

Terraced House

Property Description:

A traditional, two bedroom, terraced property situated in a convenient location Close to local amenities, town centre and train station.

The property requires general modernisation and upgrading but will make a great family home or excellent ideal buy to let investment.

Estimated rental value after refurbishment is £795 per calendar month/£9,540 per annum (based on comparable evidence). Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Lounge 3.65m x 3.59m

With radiator, fireplace and window to front.

Dining Room 3.62m x 3.60m

With fireplace, understairs cupboard, radiator and window to rear.

Kitchen 3.04m x 2.07m

Having sink unit, wall mounted boiler, window to side and door to rear garden.

Landing

With doors to both bedrooms and bathroom.

Bedroom One 4.02m x 3.65m

With radiator, original Cast Iron fireplace and window to front.

Bedroom Two 3.68m x 3.08m

Cast Iron fireplace, radiator, overstairs cupboard and window to rear.

Bathroom

Comprising low flush w.c. wash hand basin and panel bath with electric shower over. Airing cupboard and window to rear.

Outside

A nice size garden with patio and lawn along with brick store and brick w.c.

Construction material:

Standard brick.

Parking arrangements:

On street parking

Electricity supply:

Mains

Heating supply:

Gas

Water supply:

Mains

Sewerage arrangements:

Mains

Broadband:

Standard - 16 mbps, Superfast - 80 mbps, Ultrafast - 1000 mbps available.

Mobile phone coverage:

O2, EE, Three, Vodafone available.

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.