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199 Victoria Street, Mansfield, Nottinghamshire NG18 5SA

Auction Event
 

Guide Price £65,000+ 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 27th February 2025

9.00am
Key Features
  • Council Tax Band: A
  • Terraced House
  • 2 Bedrooms
  • Let at £525 pcm / £6300 per annum
  • GCH and UPVC Double Glazing
  • Popular and Convenient Location
  • Buy To Let Investment
  • EPC Rating: C
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Terraced House

Property Description:

A traditional terraced property situated in a popular and convenient location.

A good range of local amenities and transport links and within easy reach of the Town Centre.

The property offers 2 reception rooms, kitchen, 2 bedrooms and first floor bathroom. Benefitting from gas central heating and UPVC double glazing.

Offered let on an assured shorthold tenancy to a long standing tenant at £525 pcm / £6300 per annum.

Estimated Rental Value after some modernisation of £700 pcm.
Estimated Property Value after modernisation of £110,000.

A buy to let opportunity with income from day one.

Hall

With door to lounge.

Lounge 3.67m x 3.45m

With radiator and window to front aspect.

Dining Room 3.50m x 3.43m

With radiator, window to rear and stairs off.

Kitchen 2.88m x 1.89m

With base and wall units, sink, space for appliances, window to side and door to garden.

Landing
Bedroom One 3.43m x 3.13m

With radiator and window to front aspect.

Bedroom Two 3.50m x 2.53m

With over stairs storage space, radiator and window to rear.

Bathroom

Having low flush w.c. wash hand basin and panel bath with shower over. Part tiled walls, radiator and window to rear.

Outside

Small garden to front. Enclosed rear garden with seating area and shared gated access.

Mobile Phone Coverage

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

Satellite and Cable TV Availability

BT and Sky are available in this location.

Broadband (estimated speeds)

Standard 8 mbps. Ultrafast 1800 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. Subject to tenancy.


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

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.