Maisonette
Superb buy to let residential investment opportunity - this one bedroom first floor end maisonette is ideal for both investors or a first time buyer and located in a pleasant apartment complex off Abingdon Street. Boasting views over the well maintained communal gardens, communal parking and being very well located for both Rolls Royce and Bombardier.
With gas central heating and modern double glazing throughout, the first floor apartment briefly comprises: Entrance hallway with stairs leading to the first floor; landing with two storage cupboards, spacious living room, separate kitchen, master bedroom, a study/nursery and the family bathroom with a three piece suite.
To the front of the property is a communal garden, with clothes drying spaces, and to the rear a communal car park providing off road parking.
Witney Close is conveniently located close to local shops and amenities within Allenton and Alvaston, the new Moorways Sports Village & Water Park, local parks and close to Rolls Royce, Bombardier and Pride Park. The property also benefits from excellent road links with the A52 and A50 road networks, leading to the M1 motorway and East Midlands Airport.
In our opinion, we would estimate a rental income of £500 per calendar month(£6,000 per annum) this would represent a 13.3% return based on the guide price.
Internal viewings are highly recommended.
14ft 8 x 10ft 4 (4.47m x 3.15m)
10ft 7 x 7ft 5 (3.22m x 2.26m
14ft 2 x 9ft 9 (4.31m x 2.97m)
7ft 7 x 3ft 5 (2.31m x 1.04m)
7ft 7 x 5ft 5 (2.31m x 1.65m)
Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is a relation to an employee of SDL Property Auctions. If you have any queries regarding this, please contact us for further information. Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
125 years from 21 May 1990. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Vacant possession upon completion.
£10
92
£272
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 Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
