End of terrace house
Nestled in the charming area of Chester Green, this end terraced house on Caesar Street
presents an excellent investment opportunity.
One of the standout features of this property is its prime location. Just a short walk from the city centre, residents will enjoy easy access to a variety of shops, restaurants, and local amenities, making it an ideal choice for those who appreciate the vibrancy of urban living. The surrounding area is known for its popularity, ensuring a desirable environment for both tenants and homeowners alike.
The property is currently let on an assured shorthold tenancy at £635 per calendar month (£7,620 per annum) but offers significant scope for rental increase of an estimated £850 per calendar month (£10,200 per annum). This would represent an impressive 11.3% return on the current guide price.
The Location
Chester Green is a noted historic area of Derby, renowned for its Roman origins and is within walking distance of the city centre, which provides a range of amenities including restaurants and bars within Friar Gate and Cathedral Quarter, modern shopping centre with its state of the art cinema, Darley Fields recreational ground, Darley Park and the River Derwent all combined to offer an array of outdoor activities and pleasant walks. Easy access for swift onward travel to both city buses and train stations and on to the A38 and A52 leading to the M1 motorway.
With chimney breast, wood flooring, deep skirting boards and architraves, high ceiling, internal door giving access to staircase which leads to first floor, wall cupboard, radiator, staircase which leads to first floor, wall cupboard, radiator, double glazed window to rear and internal panelled door.
With wood flooring and understairs storage cupboard.
With wood flooring, entrance door, deep skirting boards and architraves, high ceiling, coving to ceiling, chimney breast with decorative display and period style fireplace, radiator, sealed unit double glazed sash style window to front and internal panelled door.
With single sink with hot and cold tap, wall and base cupboards, worktops, gas hob, electric oven, plumbing for automatic washing machine, tiled effect flooring, heated towel rail/radiator, boiler and double glazed window.
With built-in storage cupboard with radiator and double glazed door giving access to rear garden.
With bath with shower, pedestal wash handbasin, low level WC, tiled splashbacks, radiator and double glazed window.
Leading to -
With chimney breast with period display fireplace, deep skirting boards and architraves, high ceiling, radiator, built-in storage cupboard, double glazed sash style window to front and internal panelled door.
With chimney breast with period display fireplace, deep skirting boards and architraves, high ceiling, radiator, double glazed window to rear and internal panelled door.
To the rear of the property is a private, enclosed, rear garden with raised decking area. Side access gate
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.
We have been made aware this property is in the Chester Green conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Rivers and Seas - Medium. Surface Water - Low.
Solid brick, as built, no insulation (assumed) - Information taken from EPC.
Standard 14 mbps and Superfast 75 mbps show as available in this location
EE, O2, Vodaphone and Three show as available in this location.
Sky and BT show as available in this location.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Gas Central, Double Glazing
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
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.
