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82 Norman Street, Ilkeston, Derbyshire DE7 8NL

Lot no: 6 Sold at Auction for £134,000
 

Guide Price £95,000+ 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 30th May 2024

9.00am
Key Features
  • Substantial three bedroomed character property
  • Four well proportioned reception rooms
  • Potential to convert into flats or HMO subject to planning
  • Very prominent corner plot with courtyard, driveway and garage
  • Part uPVC double glazed and mostly gas centrally heated
  • Potential HMO gross rental income of £35,000 to £40,000 per annum
  • Offered for sale with immediate vacant possession
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Sold at Auction for £134,000

End of terrace house

Property Description:

A rare and exciting freehold residential investment opportunity, to acquire a substantial and particularly attractive three double bedroomed character residence, occupying a prominent corner plot position, requiring a full scheme of improvement and upgrading.

In our opinion there is significant scope to convert the property into a HMO or self contained flats, subject to obtaining the necessary planning consents. For example if the property were to be converted to either 6 or 7 bedroomed HMO property, we would anticipate an estimated gross rental income in the region of £35,000 to £40,000 per annum.

Constructed of traditional brick, set beneath a pitched tiled roof the character accommodation is mostly gas centrally heated with part uPVC double glazing and in brief comprises, entrance hallway with Minton tiled floor covering and original staircase to first floor, four well proportioned reception rooms with access to cellar and a galleried fitted kitchen with centre island unit measuring approx. 23ft in length. To the first floor landing, there are three genuine double bedrooms, spacious family bathroom with separate wc. There is a staircase leading to a large loft room that offers significant potential to convert into a bedroom or self contained studio subject to planning.

Outside there are walled gardens with decorative railings with courtyard and driveway leading to an attached brick built garage in need of repair.

The property is situated within the context of an established residential location, surrounded by similar style properties that in recent times have also been converted into flats or HMO properties.

Entrance hallway

15ft 2 x 3ft 3

Front sitting room with bay window

14ft 6 into bay x 13ft 5

Reception room

14ft 1 x 15ft into chimney recess

Reception room with staircase

16ft 4 into chimney recess x 14ft 1

Inner lobby with access to cellar
Separate dining room

15ft into chimney recess x 14ft 1

Inner lobby

7ft 8 x 3ft 9

Galleried kitchen

23ft 8 x 8ft

First floor landing with stair to attic room
Bedroom one

14ft 9 into chimney recess x 12ft 8

Bedroom two

13ft 8 into chimney recess x 14ft 1

Bedroom three

13ft x 12ft into chimney recess

Spacious family bathroom

10ft 6 x 10ft 5 into chimney recess

Separate wc

7ft 5 x 3ft 4

Loft/attic room

22ft 4 from wall to purlin x 23ft from purlin to purlin (restricted height)

Outside

There are walled gardens with decorative railings with courtyard and driveway leading to an attached brick built garage in need of repair.

Flood Risk

Rivers and Seas Very low. Surface Water Low.

Mobile Phone Coverage:

O2, EE, Three and Vodafone available.

Broadband (Estimated Speeds):

Standard 7 mbps, Superfast 51 mbps, Ultrafast 1000 mbps.

Satellite and Cable TV Availability:

BT, Sky and Virgin are available.

Tenure:

Freehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas Central, Double Glazing
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Garage, Driveway



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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