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75 Waterloo Street, Burton on Trent, Staffordshire DE14 2ND

Lot no: 27 Sold at Auction for £60,000
 

Guide Price £55,000+ plus fees

Unconditional with Fixed FeeOn 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 a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 5th September 2019

11.30am
Key Features
  • Palisaded two double bedroomed end-terraced property
  • Currently let at £450 pcm (£5,400 p.a.)
  • Scheme of improvement and upgrading required
  • Excellent buy-to-let investment opportunity
  • EPC Rating: D
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Sold at Auction for £60,000

End of terrace house

Property Description:

An excellent buy-to-let investment opportunity to acquire a palisaded two double bedroomed end terraced property currently let at £450 pcm (£5,400 p.a.).

Internally the property requires a scheme of improvement and upgrading however has the benefit of double glazing, gas central heating (where specified) and in brief comprises lounge, separate dining room, rear lobby and family bathroom with shower. To the first floor landing there are two good sized double bedrooms and potential for a loft conversion (stpc). To the rear there is a good sized garden.

The property is surrounded by similar style properties in a location which is always popular with first time buyers, young couples and landlords.

Burton on Trent is a popular town with shopping centre, numerous primary and secondary schools, recreational facilities and is just positioned off the A38 which provides swift access onto the city of Derby, A50 trunk road network and Toyota.

Lounge 14'6" into chimney recess x 10'2"

Entered by PVC door to front, sealed unit double glazed window in uPVC frame to front elevation and central heating radiator.

Separate Dining Room 11'1" into chimney recess x 11'

With sealed unit double glazed window in uPVC frame to the rear elevation, useful understair storage cupboard, staircase to first floor and central heating radiator.

Kitchen 8'9" x 6'8"

With sealed unit double glazed window in uPVC frame to the side elevation. The fitted kitchen comprises a range of wall mounted cupboards with base units, drawers, preparation surface, sink and drainer with splashback tiling, cooker point, plumbing for washing machine, space for fridge freezer and central heating radiator.

Rear Lobby

With Ideal combination boiler and door leading out onto the yard.

Bathroom

With sealed unit double glazed window in uPVC frame to the side elevation. Fitted with a three piece suite comprising a panelled bath with shower unit over, low level wc, pedestal wash hand basin, wall mounted laddered towel rail and extractor fan.

First Floor Landing

Leading to -

Bedroom One 14'4" into chimney recess x 10'

With sealed unit double glazed window in uPVC frame to front elevation and central heating radiator.

Bedroom Two 11'1" x 9' into recess

With sealed unit double glazed window in uPVC frame and central heating radiator.

Outside

To the rear there is a yard and good sized garden.

Tenure:

Freehold.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

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 auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s 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
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.