Flat 8, Ridgeway Court, 224 Warwick Avenue

** AUCTION PROPERTY ** A well-presented double-bedroom apartment situated within this sought-after residential development designed exclusively for the over 55s. The building offers a pleasant and welcoming communal entrance with comfortable reception and meeting areas, along with lifts providing convenient access to all floors.

Lease Length:

125 years from 1st January 2002 – 101 years remaining.

In our opinion if the property were to be let, we would estimate a gross rental income of £700 pcm (£8,400 pa). This would represent an impressive 30% return based on guide price

In brief, the accommodation comprises: Communal entrance and reception areas leading to the private apartment – the property features an entrance hall; spacious lounge/diner; fitted kitchen; double bedroom; bathroom with a shower over the bath.

Residents also benefit from access to a shared laundry room and beautifully maintained communal garden areas, providing a relaxing outdoor space for all to enjoy. The development offers a range of amenities designed to support comfortable and sociable living. These include an inviting communal lounge where residents can meet and socialise, well-maintained shared facilities and attractive landscaped gardens providing a pleasant setting to relax outdoors. The presence of lift access throughout the building ensures ease of movement for residents and visitors alike.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding 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.

Ridgeway Court is conveniently situated for easy access to excellent local amenities, major roads, the Royal Derby Hospital, Rolls-Royce Sinfin and Derby City Centre.
Auction Property
Lift Access
Excellent Rental Opportunity
EPC Rating
Council Tax Band
Communal Parking

Referral Fees

We recommend our preferred partner law firms who are solicitors selected by Us for their experience and efficiency in providing conveyancing services. We receive a referral fee of £225 - £250 per completed transaction. They are independent professionals upon whom You can rely for independent and confidential advice. Their conveyancing charges are available on request. We recommend our preferred partner Mortgage intermediaries who are mortgage specialists available to provide you with the advice you need and who will take care of everything from explaining options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process. We receive a referral fee of approximately £350 per completed transaction. We recommend our preferred partner Insurance Company who provide Buildings and Contents Insurance. We receive a referral fee of approximately £25 per completed transaction. We recommend our preferred partner Removal Company for home removals. We receive a referral fee of £50 per completed transaction. Prospective purchasers are NOT obliged to use our preferred partner services.