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3 Illingworth Road, Leicester, Leicestershire LE5 4ET

Lot no: 11 Auction Event
 

Guide Price £40,000+ 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 24th April 2025

9.00am
Key Features
  • Council Tax Band: A
  • One Bedroom Flat
  • GCH and UPVC double glazing
  • Residents Parking
  • Ideal Buy To Let
  • Estimated Rental Value of £650 pcm
  • Vacant Possession
  • EPC Rating: Awaited
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Flat

Property Description:

A spacious, first floor, one bedroom apartment in a highly popular location.

The property benefits from Gas central heating with Worcester Combi boiler, UPVC double glazing and residents car park.

Well placed in a quiet location but having an excellent range of local amenities as well as regular public transport links.

Offering hallway, large walk in store / study, Lounge, Kitchen, Bedroom and Bathroom.

An ideal investment purchase which has an estimated rental value of £670 pcm / £8040 per annum.

Leasehold with 92 years remaining and service charge around £65 per month.

Communal Reception

With secure door entry.

Reception Hallway

With store cupboard, second cupboard with the Worcester Combi boiler. Radiator, loft access and walk in store measuring 1.97m x 1.48m.

Lounge 4.05m x 3.50m

With two radiator and window to front aspect.

Kitchen 3.01m x 2.35m

With base and wall units, work surfaces, sink, cooker and washing machine. Radiator and window to rear.

Bedroom 4.04m x 3.03m

With radiator and window to front.

Bathroom

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

Outside

Communal gardens which are mainly laid to lawn. Residents car park offering ample parking.

Leasehold Information

125 years from 2 September 1991. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

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 4 mbps. Superfast 67 mbps. Ultrafast 1800 mbps.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£10

Unexpired Years

92

Annual Service Charge

£750


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

Residents



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 £3,000 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.