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34 Gloucester Avenue, Lenton, Nottingham NG7 2DQ

Lot no: 6 Sold at Auction for £325,000
 

Guide Price £180,000+ plus fees

UnconditionalOn 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 26th September 2024

9.00am
Key Features
  • Excellent sized student HMO previously yielding £43,680
  • Seven double bedrooms and two shower rooms
  • Modern fitted kitchen and well sized lounge
  • Fully HMO compliant
  • Driveway parking
  • Double glazing and gas central heating
  • Excellent Lenton location nearby University
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Sold at Auction for £325,000

Detached house

Property Description:

An excellent detached house in the popular area of Lenton. The property was previously let as a 7 bedroom Student HMO yielding £43,680 a year.

The property comprises of an inviting entrance hallway, lounge, modern kitchen, shower room and three double bedrooms to the ground floor. The first floor has four double bedrooms and family bathroom.

Further benefitting from gas central heating, double glazing, fully HMO compliant and a parking space.

Situated within a prime location of Lenton, The University of Nottingham (University Park), Jubilee Campus and The Queens Medical Centre are all within walking distance. There is also a range of excellent transport links close by, including both bus and trams which provide direct access to and from Nottingham City Centre, Beeston Town Centre and other surrounding areas.

Lounge - 4.1m x 3.1m
Kitchen - 4.3m x 2.6m
Shower room one - 1.8m x 1.8m
Bedroom one - 4.4m x 3.4m
Bedroom two - 3.8m x 4.4m
Bedroom three - 2.6m x 4.4m
Bedroom four - 3.8m x 4.6m
Bedroom five - 3.9m x 3.9m
Bedroom six - 4.2m x 2.1m
Bedroom seven - 5.2m x 2.3m
Shower room two - 1.8m x 1.8m
Driveway parking space
Additional Information

Construction Material: Standard brick. Heating: Boiler and radiators, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2 shows as high in this area, and EE, Three and Vodafone as medium. Satellite and Cable - BT, Sky and Virgin show as available in this area.

Completion Date

Completion will be 21 days after exchange of contracts. Please refer to the special conditions within the legal pack.

Note

We draw prospective buyers' attention to the draft TP1 within the legal pack which advises in respect of rights that apply to the property on transfer. You are advised to make all necessary independent enquiries prior to placing your bid as this will be binding.

Tenure:

Freehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Off Street, Driveway



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

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 1.2% of the purchase price (subject to a minimum 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.