Terraced House
An excellent opportunity to acquire a high yielding buy-to-let residential property, divided into four self contained units arranged over four floors, producing a combined rental income of £21,480 per annum. This represents an impressive 12.2% return based on the guide price.
Constructed of traditional brick set beneath a pitched tiled roof, the well equipped, uPVC double glazed flats in brief comprise -
Flat 1 - Located to the ground floor a one bedroomed studio.
Flat 2 - Located to the first floor. Please note: The auctioneers have not inspected.
Flat 3 - Top floor studio flat with views across Derby.
Flat 4 - Basement studio flat which has its own separate access.
We are informed by the vendor there is communal parking - see legal pack for verification.
The property is situated within the context of a strong letting location, conveniently positioned for the city centre.
With stairs.
Let at £475 per calendar month (£5,700 per annum).
11ft 3 x 14ft 3
6ft 4 x 3ft
12ft 1 x 8ft
6ft 4 x 5ft 5
Let at £450 per calendar month (£5,400 per annum). We are informed by the seller that the flat comprises of a hallway, bedroom, bathroom and kitchen.
Let at £425 per calendar month (£5,100 per annum)
6ft 1 x 3ft 4
14ft 8 x 11ft 9 restricted height
6ft 3 x 2ft 5
8ft 5 x 5ft 5
6ft 4 x 5ft 8
Let at £440 per calendar month (£5,280 per annum).
Leading to -
14ft 6 x 11ft 9
6ft 1 x 2ft 6
10ft 8 into bay x 7ft 7
10ft 4 reducing to 7ft 8 x 3ft 9
Each flat has a council tax band of A.
Rivers and Seas - Very low. Surface Water - Low
Solid brick, as built, no insulation (assumed) - Information taken from EPC.
Standard 15 mbps, Superfast 80 mbps and Ultrafast 1000 mbps show as available in this location
EE, O2, Vodaphone and Three show as available in this location.
Sky, Virgin and BT show as available in this location.
Freehold. Subject to tenancy.
- Heating Supply: Electric, Double Glazing
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Rear
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.
