Terraced House
***Attractively priced freehold residential investment opportunity***
Situated within easy reach of the city centre and the fashionable Friar Gate area of Derby is a two double mid-terraced property with large loft room, requires some improvement and upgrading.
Internally the uPVC double glazed and gas centrally heated living accommodation in brief comprises:- two reception rooms, an extended fitted kitchen, and steps down to a cellar. To the first floor passaged landing there are two genuine double bedrooms and a bathroom. A staircase leads up to a loft room, which offers potential for further development or simply as a versatile space for your needs.
While requiring some attention, the rear garden presents an opportunity to create an outdoor space for enjoying the warmer weather.
LOCATION
Olive Street is conveniently located near the Uttoxeter New Road, ensuring that essential amenities such as schools and convenience stores are just a short distance away.
UPVC double glazed front door and uPVC double glazed window to front elevation, feature fireplace with fitted real flame gas fire, central heating radiator, TV point and coved ceiling.
With door to cellar.
Central heating radiator, uPVC double glazed window to rear elevation, coved ceiling and door to:
1½ bowl inset stainless steel sink with mixer tap, fitted four ring gas hob with chimney style extractor hood over and electric oven under, range of wall and base units incorporating drawer units with roll edge worktops over and complimentary tile splashbacks, space and plumbing for dishwasher, central heating radiator, wall mounted gas boiler servicing the central heating system and providing domestic hot water, two uPVC double glazed windows and door to rear garden.
We understand that there is a structural issue in the kitchen. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
With staircase to second floor.
Double central heating radiator, two uPVC double glazed windows to front elevation and inset ceiling spotlights.
UPVC double glazed window to rear elevation, central heating radiator and inset ceiling spotlights.
Panelled bath with fitted electric shower over, low level wc, pedestal wash hand basin, uPVC double glazed window to rear elevation, tile flooring, part tiled walls and heated chrome towel rail.
Double central heating radiator, Velux window and inset ceiling spotlights.
We are informed that the bedrooms and loft room are subject to a flying freehold over the communal entry. We also believe that the neighbouring property has a right of access over the back to the rear. Interested parties are advised to inspect the legal pack for more information prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
- Electric Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
