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56 Stepping Lane, Derby, DE1 1GJ

Lot no: 12 Sold at Auction for £121,000
 

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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 27th August 2020

10.30am
Key Features
  • Three bedroomed mid terrace proeprty
  • Close to University and city centre
  • Upgrading and improvement required
  • Excellent buy to let investment opportunity
  • EPC Rating: D
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Sold at Auction for £121,000

Terraced House

Property Description:

Conveniently positioned for Derby University and the city centre is a three bedroomed mid terrace property requiring some improvement and upgrading.

Internally the gas centrally heated and part double glazed living accommodation consists of entrance vestibule, passaged hallway, dining room (occasional guest bedroom), full width rear sitting room, fitted kitchen, rear lobby and bathroom. To the first floor there are three well proportioned bedrooms and potential for loft conversion (STPC).

The property is situated in the context of an established residential location, away popular with first time buyers, young couples and landlords/investors. Excellent buy to let opportunity.

Ground Floor:
Entrance Vestibule

Entered by door to front. Telephone jack point.

Passaged Hallway

With molded coving, original archway, door to cellar, central heating radiator.

Dining Room

12ft 4 x 10ft into chimney recess.
Muli-paned, secondary glazed window to front elevation, molded coving ceiling, ornamental ceiling rose, feature fireplace and central heating radiator.

Full Width Rear Sitting Room

13ft 5 into chimney recess x 12ft 4
Secondry glazed window to rear elevation, enclosed staircase and centrally heated radiator.

Kitchen

10ft x 7ft
Double glazed window to side elevation. Fitted kitchen comprises a range of wall mounted cupboards with base units, draws, preparation surface, stainless steel sink and drainer, splash-back tiling, cooker point and plumbing for automatic washing machine.

Rear Lobby

5ft 11 x 4ft 1
With door to side.

Bathroom

9ft 2 max x 5ft 10
With window to rear. a three piece bathroom suite in white comprises a paneled bath with shower unit over, glazed shower screen, pedestal wash hand basin, low level wc, tiling to walls airing cupboard and centrally heated radiator.

First Floor:
Passaged Landing

Enclosed area with recessed space for wardrobe and storage heater.

Bedroom One

13ft 9 x into chimney recess x 13ft 3
With muli-paned secondary glazed window to front elevation and centrally heated radiator

Bedroom Two

12ft 3 x 10ft 9 reducing to 8ft
Window, built in cupboard with loft access, centrally heated radiator.

Bedroom Three

10ft x 7ft
With double glazed window to the rear elevation and centrally heated radiator.

Outside

To the rear there an enclosed, over-grown rear 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.