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8 Miller Court, Edward Street, Derby, DE1 3BN

Lot no: 139 Sold at Auction for £58,500
 

Guide Price £48,000+ 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.

Wednesday 30th September 2020

9.30am
Key Features
  • One double bedroomed first floor apartment
  • Set in a pretty courtyard close to city centre and Darley Park
  • Let on AST producing £470 per calendar month (£5,640 per annum)
  • Excellent buy-to-let investment opportunity
  • EPC Rating: E
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Sold at Auction for £58,500

Flat

Property Description:

***VIRTUAL TOUR*** Situated in a pretty courtyard surrounded by similar style properties is a one double bedroomed first floor apartment situated within walking distance of the city centre and Darley Park. The well maintained flat is currently let £470 per calendar month (£5,640 per annum) this representing a 10% return on the guide price.

In biref the apartment comprises ground floor entrance lobby with staircase to first floor, generous sized split level passaged landing and a delightful open plan living kitchen measuring 19' x 10'11" with fitted appliances, separate double bedroom with en-suite shower room. Outside there is a delightful courtyard development.

The property is situated in an established and well regarded residential location. Excellent buy-to-let investment opportunity.

Ground Floor Entrance

With door to front and staircase to first floor.

Split Level Passaged Landing 21' in length approx
Open Plan Living Kitchen

Comprising -

Lounge - 19' x 10'11"

With two windows and roof light, part tiling and part laminate flooring.

Fitted Kitchen -

Comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, sink and drainer with splashback tiling. Integrated appliances comprise a stainless steel electric oven with hob, cooker hood, wall mounted heater and useful pantry.

Bedroom 10'10" x 10'8"

With window to front elevation and wall mounted heater.

En-Suite Shower Room

Comprises a low level wc with pedestal wash hand basin, walk-in shower, complementary tiling to the walls and extractor fan.

Outside

The property is set within a pretty courtyard surrounded by similar style properties

Tenure

Leasehold - We are informed that there are 962 years remaining but prospective purchasers are advised to inspect the legal documents when available,

Tenure:

Leasehold.



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.

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