Semi-detached house
A superb opportunity to acquire a traditionally built semi-detached property, with four lettable rooms producing a combined gross income of £24,960 per annum, this representing an impressive 24% return based on the guide price.
We are informed by the seller the individual passing rents are £520 per calendar month (£6,240 per annum) inclusive of utility bills.
The property is set well back from the road with gardens to the front and rear and enjoys an established residential location, close to Pride Park and Allenton shopping centre. Derby City centre and train station are both within a short commute.
Having access to Flats One, Two and Kitchen. Stairs to first floor.
Lounge/Bedroom - 3.260m x 3.505m. Having double glazed bay window, tiled floor and radiator. Shower Room - 1.548m x 1.093m. Having shower, wash hand basin and wc, tiled floor.
Lounge Area - 2.682m x 2.312m. Having uPVC sliding patio door. Washroom (off lounge) - 0.883m x 1.608m. Having wc, pedestal sink and tiled floor. Kitchenette Space - 0.977m x 1.9m. Bedroom - 2.529m x 2.852m into recess. Having no windows, shower cubicle.
2.824m x 2.003m. Having fitted cupboards and drawers, sink, uPVC double glazed window.
Leading to -
The auctioneers have not inspected this flat.
Lounge/Bedroom - 3.442m x 2.511m. With uPVC double glazed window. Bathroom - 1.714m x 1.847m. Having bath, pedestal wash basin and wc. Obscure glazed uPVC window and tiled walls.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Off Street
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.
