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398 Gordon Road, Thorneywood, Nottingham NG3 2LL

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 29th May 2025

9.00am
Key Features
  • Council Tax Band: A
  • Ideal Investment Opportunity
  • Newly Decorated Throughout
  • Two Double Bedrooms
  • Extended Kitchen with Separate Lean To
  • Ample Storage Throughout
  • Low Maintenance Enclosed Rear Garden
  • EPC Rating: D
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Terraced House

Property Description:

This is an excellent investment opportunity; this newly decorated two-bedroom mid-terrace property is ideal for enhancing your portfolio. The layout includes an entrance leading to a lounge, dining area, fitted kitchen, two double bedrooms, and a family bathroom with a shower over the bath.

The property offers generous storage options, including an understairs cupboard, bedroom storage, an outdoor WC, and a separate lean-to.

The exterior features a low-maintenance enclosed rear garden. Conveniently situated near local amenities, schools, and transport links, this property ensures both accessibility and convenience.

The average rental income for this property is estimated at £850 per month, resulting in a yield of 9.3% based on the current guide.

Additional Information:

Construction Material: Standard Brick. Broadband Coverage: Standard, and Ultrafast. Mobile signal: O2, Vodafone, EE and Three. Satellite and Cable: BT and Sky.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas Central, Double Glazing
  • 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.