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151 Portland Street, Derby, DE23 8PH

Lot no: 8.0 Sold at Auction for £63,500
 

Guide Price £58,000 plus fees


Thursday 18th October 2012

12.00am
Key Features
RESIDENTIAL INVESTMENT PROPERTY
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Sold at Auction for £63,500

Semi-Detached House

Property Description

DRAFT DETAILS ONLY.

A traditional two bedroomed semi detached house which has recently
been divided into two separate apartments with off road parking.  Work was carried out with planning consent
and building regulation approval, and has complete separation for both sound
and fire insulation with double plasterboard ceiling with insulation separating
the ground floor from the first floor accommodation.  Additionally the property is double glazed,
has been re-roofed and benefits from rewiring and re-plumbing.  Both apartments have intruder alarms.

The property is situated in a popular residential area,
particularly for the rented market, and both flats have been virtually
continuously let over the last three years since refurbishment.

151 Portland
Street comprises

Entrance door to side of property

Entrance Hall

With space under stairs for desk/work station.

Lounge with
Kitchen Area

A bay fronted room with one wall set out with kitchen units
including sink, hob, oven, plumbing for washing machine.

Separate Bedroom

Shower Room/Wc

151a Portland
Street comprises

Entrance Lobby at side of
property, with stairs to first floor landing.

Lounge with
Kitchen Area

A large bay fronted room with one wall set out with kitchen units
to include sink, hob, oven and plumbing for washing machine.

Separate Bedroom

Shower Room/wc

Outside

Surfaced forecourt for two car parking.  Rear garden.

Tenancy Details

Both apartments are sold subject to current assured shorthold
agreements, with single female occupants at a combined reserved rent of £455
per calendar month (£5,460 per annum).
It is considered that there is opportunity for increase in the rental
return.

Directions

Leave the City centre along Normanton
Road, continuing into Pear Tree Road and at the third traffic island turn right
onto St. Thomas Road.  At the traffic
lights turn left onto Portland Street and continue for about quarter of a mile
where the property will be found on the left hand side just after Harrington
Street.

Tenure

Freehold. Subject to tenancies.

Conditions Of Sale

The Conditions of Sale will
be deposited at the offices of the auctioneers and vendors solicitors/licensed
conveyancers seven days prior to sale and the purchaser shall be deemed to have
knowledge of same whether inspected or not.
Any questions relating to them must be raised prior to 11.30 am.  Prospective purchasers are advised to check
with the auctioneers before the sale that the property is neither sold or
withdrawn.

The purchaser will also be
deemed to have read and understood the auction conduct notes printed within the
sale catalogue.

Note

Prospective purchasers will
need to register within the auction room before the sale commences.  Two items of identity will be required
together with an indication of how a contractual deposit will be paid.  We do not take cash or credit card deposits.

The sale of each lot is
subject to a buyers contract handling fee of £495 (inc VAT) payable on the fall
of the hammer.

FOR SALE BY AUCTION: THURSDAY 18TH OCTOBER 2012

AT PRIDE PARK STADIUM, DERBY

COMMENCING AT 11.30 AM

FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE

WWW.GRAHAMPENNY.COM

Feature 1

RESIDENTIAL INVESTMENT PROPERTY

Feature 2

Two self-contained one bedroomed property

Feature 3

Recently refurbished, re-roofed, rewired, re-plumbed

Feature 4

Scope for increase in rental yield

Tenure: