Terraced House
An excellent Buy-to-Let residential investment opportunity to acquire a particularly well-appointed two double bedroomed palisaded mid-terrace, occupying a strong letting location, conveniently positioned for Pride Park, Rolls Royce and Derby city centre.
We are informed the property is currently let on a rolling tenancy agreement at £650 per calendar month (£7,800 per annum). In our opinion there is significant scope for rental increase of anticipated rental income of £700-£750 per calendar month (£8,400 to £9,000 per annum).
Constructed of traditional brick set beneath a pitched tiled roof, the well equipped living accommodation has the benefit of uPVC double glazing, gas central heating and in brief comprises of front sitting room, inner lobby, separate dining room, enclosed staircase, modern fitted kitchen with built-in-appliances. To the first floor passaged landing there are two double bedrooms and a bathroom with an upgraded three piece suite in white with shower over.
In our opinion there is potential for a loft conversion, subject to obtaining the necessary planning consents.
Outside to the front there is a small fore court and to the rear an enclosed low maintenance yard/garden with timber panelled fencing and outbuilding with plumbing for washing machine.
11ft 2 into chimney recess x 11ft 4
11ft 2 x 12ft 4
8ft 3 x 6ft 8
15ft 4 x 2ft 5
11ft 3 into chimney recess x 11ft 2
12ft 5 x 8ft 2 into chimney recess
6ft 8 x 5ft 2
Small fore court to front and to the rear an enclosed low maintenance yard/garden with timber panelled fencing and outbuilding with plumbing for washing machine.
Solid brick, as built, no insulation (assumed) - Information taken from EPC.
Rivers and Seas: No Risk. Surface Water - Medium Risk.
Standard 4 mbps, Superfast 233 mbps and Ultrafast 1000 mbps show as available in this location
EE, O2, Vodaphone and Three show as available in this location.
Sky, Virgin and BT show as available in this location.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
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 under and Unconditional sale type.
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 1.2% of the purchase price (subject to a minimum 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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