Terraced House
***Potential high yielding freehold residential investment opportunity***
Occupying an established and strong letting location, is an ex-local authority non-standard construction, four bedroomed mid-terraced property, offered for sale with immediate vacant possession.
We are informed by the seller that the property was previously let as a HMO until September 2024 producing a combined gross income of £20,640 per annum. This would represent an impressive 18.8% return based on the guide price.
Internally the well proportioned uPVC double glazed and gas centrally heated living accommodation in brief comprises of entrance hall with stairs, lounge, separate dining room and fitted kitchen with built-in-appliances. To the first floor landing there is a master bedroom with en-suite shower room, bedroom two with recessed shower cubicle, two further bedrooms and a family bathroom with three piece suite in white with shower.
Outside the property is set nicely back from the road with fore garden which lends itself to creating a driveway, subject to the necessary planning consents. To the rear there is an enclosed garden with outbuildings.
The property is situated on the outskirts of the popular suburb of Chaddesden positioned to the west of Derby, and has has an excellent range of amenities along with good road network connections providing swift access onto the city centre, Pride Park and the A52.
10ft 2 x 6ft 8
16ft 1 into chimney recess x 13ft 10
10ft 5 into chimney recess x 10ft 6
10ft 4 x 9ft 9
13ft 9 x 2ft 8
14ft 1 reducing to 10ft 2 x 9ft 8
9ft 3 x 9ft 2
10ft 6 x 7ft 4
8ft 9 x 7ft 3
6ft 1 x 5ft 5
Fore garden which lends itself to creating a driveway, subject to the necessary planning consents. To the rear there is an enclosed garden with outbuildings.
Rivers and Seas - No Risk. Surface Water - Very Low.
Cavity wall, as built, no insulation (assumed) - Information taken from EPC.
Standard 5 mbps, Superfast 41 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. Vacant possession upon completion.
- Heating Supply: Gas Central, Double Glazing
- 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.
