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26 Luther Street, Leicester, Leicestershire LE3 0QG

Auction Event
 

Guide Price £110,000+ 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 30th January 2025

9.00am
Key Features
  • Council Tax Band: A
  • Terraced House
  • Two Bedrooms
  • Requires Modernisation
  • First Floor Bathroom
  • Great Letting Location
  • Vacant Possession
  • EPC Rating: E
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Terraced House

Property Description:

A traditional two bedroom terraced house in a highly popular and convenient location.

The property benefits from gas central heating and upvc double double glazing but now requires general modernisation throughout.

Offering two reception rooms, kitchen, two bedrooms, upstairs bathroom and enclosed rear garden.

Well placed for local amenities on Hinckley Road, Narborough Road and Braunstone Gate.

An ideal buy to let investment with estimated rental value of £950 pcm / £11,400 per annum, after refurbishment.

Lounge 3.35m x 3.30m

Original cornicing, radiator and window to front.

Dining Room 3.62m x 3.30m

With understairs cupboard, radiator and window to rear.

Kitchen 3.46m x 1.82m

With base and wall units, sink, worktops, wall mounted boiler, window to side and door to garden.

Landing
Bedroom One 3.30m x 3.32m

With radiator and window to front.

Bedroom Two 3.62m x 2.35m

With over stairs cupboard, radiator and window to rear.

Bathroom

A suite comprising low flush w.c. wash hand basin and panel bath. Airing cupboard, radiator and window to rear.

Outside

Enclosed rear garden with two brick stores and rear gated access.

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 13 mbps. Superfast 80 mbps. Ultrafast 1000 mbps

Construction Material

Solid brick, as built, no insulation (assumed). Information taken from EPC

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.


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

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.