Semi-detached house
Situated within short level walking distance of the beautiful town centre is a particularly attractive two double bedroomed Victorian semi-detached house enjoying a much sought after and highly convenient residential location.
The property is currently let on a rolling periodic tenancy agreement at £550 per calendar month (£6,600 per annum). In our opinion there is scope for significant rental increase of approximately circa £8,000 per annum. This would represent a 6.4% return based on the guide price.
The well proportioned character accommodation does require some improvement and upgrading however has the benefit of part uPVC double glazing, gas central heating and in brief comprises entrance hall with staircase to first floor, front sitting room, dining kitchen with pantry. To the first floor landing there are two genuine double bedrooms and a spacious bathroom with three piece suite. In our opinion the first floor accommodation could perhaps be reconfigured to provide three bedrooms subject to the usual building regulations. Outside the property is set nicely back from the road behind a neat privet hedge with decorative wrought iron gate with a small fore garden and pedestrian access leads to an enclosed low maintenance yard.
The historic and picturesque town of Matlock has a immense range of independent shops along with supermarkets, public houses, restaurants, the beautiful River Derwent, recreational facilities and a number of primary and secondary schools. Matlock itself is surrounded by some beautiful rolling Derbyshire countryside and is also within a short commute of the famous attraction of Chatsworth House. The A6 is a main arterial road through Matlock town centre and the City of Derby lies approximately 21 miles to the south.
The sale provides a genuine opportunity for a discerning purchaser looking to acquire a beautiful period property occupying a much sought after well established residential location.
Entered by door to front, central heating radiator and staircase to first floor.
With uPVC double glazed window to front elevation, Delph rail and central heating radiator.
With sash window to rear and side elevation and door leading out onto the yard. The kitchen is fitted with Shaker style units comprising a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with mixer tap and splashback tiling. There is a cooker point, feature open fireplace (cast iron multi burner included within the sale vendor to confirm this) and a pantry with window to side.
Leading to -
With uPVC double glazed window to the front elevation, walk-in wardrobe, ornate cast iron open fireplace and central heating radiator.
With sash window to the rear, ornate cast iron open fireplace and central heating radiator.
With window to rear. Fitted with a three piece suite comprising a panelled bath with mixer tap shower attachment, shower rail, low level wc, pedestal wash hand basin, tiling to walls, airing cupboard and central heating radiator.
In our opinion the first floor accommodation could perhaps be reconfigured to provide three bedrooms subject to the usual building regulations.
Freehold. Subject to tenancy.
Viewings:
To book a viewing, please contact SDL Property Auctions to arrange.
Auction Method:
The auction for this property will take place as an "Auction Event" behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely - please see the below section on "Registration Process". The auction can be watched in real-time on the auction date through SDL Property Auctions' website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions' Buyers Terms (England & Wales) which are available on SDL Property Auctions website.
Auction type- Unconditional with Fixed Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer's Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Property Auctions website by searching for the property. On the property details page there is a sub-heading "Legal Packs". Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the SDL Property Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
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