Terraced House
Offered on behalf of Newton Fallowell Mansfield, this mid-terrace property featuring three bedrooms generates an impressive annual rental income of £18,720, resulting in a remarkable yield of 20.8% based on the current guide price.
The residence has been thoughtfully divided into three distinct rooms, each equipped with its own bathroom or shower room, complemented by a communal kitchen. Each room is currently rented at £120 per week.
In summary, the property includes an entrance leading to a fully fitted shared kitchen with under-stair storage. The first room offers generous space, accommodating a seating area, with a bathroom located at the rear. On the first floor, there are two additional rooms; the front bedroom includes a shower room, while the rear room features another bathroom.
Externally, there is a low-maintenance shared garden.
Conveniently situated just a short distance from the town centre, the property is in close proximity to local amenities and bus services. It also offers easy access to major road networks including the A617, A38, A6075, B6014, and A6191, as well as a variety of primary school options and proximity to Kings Mill Hospital.
Mobile coverage: O2, EE, Three and Vodafone available
Satellite and cable: BT, Sky and Virgin available
Broadband: Standard, Superfast and Ultrafast available
Flood risk: Surface water high
Construction: Solid brick
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street, Permit
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
