House of Multiple Occupation
Situated within easy reach of Derby City Centre and Pride Park is a substantial, extended town house, arranged over three floors, converted to into four self contained one bedroomed flats.
In our opinion if some improvements where made to property, we would estimate a combined rental income of circa £25,000 per annum when fully let. This would represent an impressive 13.8% based on the guide price.
The character accommodation has the benefit of being uPVC double glazed and in brief comprises, entrance hall with staircase, one bedroom self contained flat. To the second floor there is a one bedroom self contained flat and stairs lead to a further one bedroom flat. Interestingly there is a generous sized one bedroomed duplex flat, located to the rear of the property, access via shared gated passage.
Outside to the rear there is an enclosed part walled garden in need of attention and backing onto an open field with a range of specimen trees.
The property is sits between Osmaston Road and London Road, both arterial roads leading into the city centre, with nearby amenities, facilities, shops and regular bus service.
Excellent freehold residential investment opportunity.
Additional Information
Parking Arrangements: On street
Water: Mains/Electric immersion
Electric: Mains
Sewerage: Mains
Heating: Electric storage heaters
Building construction: Solid brick
Flood Risk: Very low
Broadband: Unknown
Mobile Signal: Unknown
Satellite and Cable TV Availability: BT, Sky and Virgin available
6ft 2 x 6ft 1 Please note is an irregular shaped room.
11ft 8 max x 9ft 7
9ft 6 x 5ft 4
9ft 8 x 6ft 8
L-shaped 6ft 7 x 6ft 2
4ft 9 x 3ft 7
12ft 9 x 11ft 1
7ft 2 x 6ft 3
11ft 8 x 7ft 5
7ft 7 x 4ft 9
12ft 1 x 9ft 9
8ft 1 max x 8ft1 restricted height
11ft 4 restricted height x 9ft 3
5ft 5 x 4ft 9
4ft 1 x 2ft 7
16ft 2 x 10ft 2
10ft 4 x 5ft 8
16ft 2 x 10ft reducing 6ft 8
10ft 3 x 5ft 4
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 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.
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