Semi-detached house
A potential high yielding freehold residential investment opportunity, to acquire a double fronted, three/four bedroom semi detached property, occupying a popular and convenient residential location.
If the property were to be let on a room by room basis (using the dining room as a bedroom) we would anticipate a combined gross rental income of circa £20,000 per annum, this would represent an impressive 21% return based on the guide price.
At present the property is currently let on a rolling assured shorthold tenancy agreement producing £700 per calendar month (£8,400 per annum) and in our opinion offers scope for significant rental increase.
Internally the double glazed and gas central heated living accommodation consists of, front sitting room, inner lobby with staircase, separate dining room (potential fourth bedroom), breakfast kitchen room and family bathroom with three piece suite in white with shower over. To the first floor, there are three double bedrooms. Outside to the rear there is a well established generous sized garden.
The property is located on the fringe of Burton with excellent road network connections into the town centre, where there is an impressive range shops and amenities. The nearby A38 provides swift access onto the A50, Toyota, Derby and further regional business centres.
The sale provides an genuine opportunity for a discerning purchaser looking to acquire a very sensibly priced family home, situated in the context of an established and strong letting.
Additional Information
Parking Arrangements: To the rear.
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Mains
Building construction: Standard brick
Floor Risk: Medium surface water
Broadband: Standard, superfast and ultrafast available
Mobile Signal: o2, EE, Three and vodafone available
Satellite and Cable TV Availability: BT, Sky and Virgin available
11ft 9 x 10ft 6 into chimney recess
11ft 4 x 9ft 6 into chimney recess
13ft 8 x 9ft 1
13ft 8 x 4ft 6
11ft 9 x 10ft 7 into chimney recess
11ft 5 x 9ft 6 into chimney recess
14ft x 7ft
To the rear there is a well established generous sized garden with full width patio, shaped lawn with flower beds and timber panelled fencing.
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.
