Terraced House
A traditional two bedroom terraced house sold as a buy to let investment.
Currently tenanted at £625 per calendar month/£7,500 per annum on an assured shorthold tenancy since 11/02/2022. Offering a yield of around 10% at the current guide price.
The property is well placed for local amenities, the town centre and within an easy walk of Burton Hospital.
Accommodation comprises of a through lounge/dining room, kitchen, landing, two double bedrooms and family bathroom. Gas central heating and majority upvc double glazing.
A sound addition to any rental portfolio.
Open plan lounge/dining room and kitchen.
Landing, Two Bedrooms and Bathroom.
Good size rear garden which is mainly laid to gravel for ease of maintenance.
On Street.
Brick.
Gas central heating.
Mains.
Mains.
Mains.
Standard - 4 mbps, Superfast - 80 mbps, Ultrafast - 1000 mbps available.
O2, EE, Three, Vodafone available.
Surface water - High
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
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 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.