Detached house
In need of refurbishment is a spacious two double bedroomed structurally detached property situated within close proximity of Pride Park and the A52.
Internally the uPVC double glazed, gas centrally heated living accommodation consists of entrance vestibule, passaged hallway, front sitting room, dining room, fitted kitchen and utility room. To the first floor the passaged landing leads to two genuine double bedrooms, potential for loft conversion (stpc) and a spacious bathroom. There is pedestrian access to the side of the property leading to a small rear garden.
The property is currently let on an assured shorthold tenancy agreement producing £380 per calendar month (£4,560 per annum). In our opinion there is scope for significant rental increase.
The property is situated in the context of an established residential location always popular with first time buyers, families and landlords/investors. Excellent freehold investment opportunity.
Entered by door to front.
Entered by part glazed door, moulded coving to ceiling and central heating radiator.
With sealed unit double glazed window in uPVC frame to the front elevation, moulded coving to ceiling and central heating radiator.
With sealed unit double glazed window in uPVC frame to the rear elevation, ornamental rose, open fireplace, central heating radiator and useful understair storage cupboard.
Please note this is an irregular shaped room. With two sealed unit double glazed windows in uPVC frame to the side elevation. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, sink and drainer with splashback tiling and cooker point. There is access through to the utility room.
With sealed unit double glazed window in uPVC frame to the side elevation and half obscure double glazed PVC door to the rear. There is plumbing for an automatic washing machine.
With potential for a loft conversion (stpc).
With two sealed unit double glazed windows in uPVC frame to the front elevation and central heating radiator.
With sealed unit double glazed window in uPVC frame to the rear elevation, built in cupboard and central heating radiator.
With sealed unit double glazed window in uPVC frame to the rear elevation. Fitted with a three piece suite comprising a panelled bath with low level wc, pedestal wash hand basin, complementary tiling to the walls and central heating radiator.
To the side of the property there is pedestrian access leading to a small rear garden.
In our opinion there is potential to convert the property into a small HMO style property subject to the usual planning and building regulations.
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.
