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48 Merchant Street, Derby, Derbyshire DE22 3AQ

Lot no: 47 Auction Event
 

Guide Price £90,000+ 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 30th May 2024

9.00am
Key Features
  • Council Tax Band: A
  • Two bedroom terraced house
  • Great condition and fully refurbished
  • Close proximity to University and city centre
  • Good letting location
  • EPC Rating: Awaited
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Terraced House

Property Description:

A traditional terraced property which has been refurbished throughout.

Well placed in a popular letting location and within close proximity of Derby University and the City Centre.

The property has been modernised to include re-wring, new central heating with combi boiler, re plastered, new kitchen and bathroom, new flooring and decor and also benefits from UPVC double glazing throughout.

An ideal potential buy to let investment which is ready to rent. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Lounge - 3.65m x 3.15m

With radiator and window to front.

Inner Hallway

With stairs off.

Dining Room - 3.95m x 3.65m

With radiator and window to rear.

Kitchen - 2.70m x 1.93m

Refitted with a range of base and wall units, sink, worktops, built in oven, hob and extractor, wall mounted boiler, window to side and door to garden.

Landing -

With radiator.

Bedroom One - 3.65m x 3.18m

With over stairs cupboard, radiator and window to front.

Bedroom Two - 3.01m x 2.65m

With radiator and window to rear.

Bathroom -

Refitted with a modern suite comprising low flush w.c. wash hand basin and panel bath with shower over. Radiator and window to rear.

Outside -

Enclosed rear garden with patio area, timber shed and outside attached WC.

Construction Material

Construction Material

Heating Supply:

Gas Central Heating

Electricity Supply:

Mains

Water Supply:

Mains

Sewerage Arrangements:

Mains

Mobile Phone Coverage:

O2, EE, Three, Vodafone available.

Broadband:

Standard - 25 mbps, Superfast - 80 mbps, Ultrafast - 1000 mbps available.

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.