Semi-detached house
An excellent freehold residential BTL investment opportunity to acquire a well appointed, extended three bedroomed semi detached property, occupying a popular and convenient residential location.
The property is currently let on assured shorthold tenancy agreement producing £850 per calendar month (£10,200 per annum), this represents an impressive 8.8% return based on the guide price.
Internally the uPVC double glazed and gas centrally heated living accommodation consist of, entrance hallway, good sized lounge, bathroom with three piece suite in white with and fitted dining kitchen with built-in-appliances. To the first floor, there are three well proportioned bedrooms.
Outside to the front there is a fore garden with adjacent driveway providing useful car standing space. To the rear there is an enclosed garden with timber panelled fencing, enjoying a westerly aspect.
The property is situated in a popular residential location, conveniently positioned for Chaddesden Shopping Centre and nearby amenities. Derby City Centre is short a commute along with the A52 which provides swift access onto Nottingham, the M1 Motorway and further regional business centres.
27ft 8 into bay x 10ft 6
12ft 5 x 3ft 9
13ft 2 x 10ft 7
13ft 8 into bay x 11ft
11ft 8 x 7ft 8
8ft 7 x 5ft 6
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Driveway, On Street
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.
