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106 Wyggeston Street, Burton-on-Trent, Staffordshire DE13 0SB

Lot no: 131 Auction Event
 

Guide Price £50,000 - £60,000 plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 21st November 2024

9.00am
Key Features
  • Two bedroom maisonette
  • Garage and garden
  • Let at £467 per calendar month
  • Popular Location
  • Buy to let investment
  • Income from day one
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Maisonette

Property Description:

A two bedroom first floor maisonette on a detached property containing just two flats.

The property offers two bedrooms, garage and its own garden/additional land.

Offered let at £467 per calendar month / £5,604 per annum.

A great investment with potential yield of around 10% based on current guide price.

The property is well placed for local amenities, Burton Hospital and the Town Centre.

Landing
Lounge
Kitchen
Bedroom one
Bedroom two
Bathroom
Outside

Garage, parking and further land to the rear.

Leasehold Information

99 years from 6 May 1983. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Flood risk

Rivers and seas - No Risk. Surface Water - High

Mobile phone coverage

O2, EE, Three and Vodafone are available in this location.

Satellite and cable TV availability

BT, Sky and Virgin are available in this location.

Broadband (estimated speeds)

Standard - 15 mbps. Superfast - 75 mbps. Ultrafast - 1000 mbps.

Construction material

Cavity wall, as built, no insulation (assumed) Information taken from EPC

Draft Sales Details

These sales details are awaiting vendor approval.

Note

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.

Tenure:

Leasehold. Subject to tenancy.

Ground Rent

£20

Unexpired Years

57 years


Utilities Information
  • Heating Supply: Double Glazing
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Garage, Driveway



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.