Brindley Court Wilkins Drive, Allenton, Derby, Derbyshire

Full Description

In Partnership with SDL Auctions – Auction Date Thursday 25th May.

Property Description:

***14% RETURN BASED ON THE GUIDE PRICE***

Representing excellent value, is a well presented and maintained, purpose built one bedroom first floor flat, situated within a short commute of the city centre.

The property is currently let to a DSS tenant at £380 per calendar per month (£4,560 per annum) and offers scope for significant scope for potential rental increase. Interestingly we are informed by the seller, the service charge and ground rent has been paid for the year by the local authority, however we cannot guarantee this agreement will transfer onto the new owner.

Accessed via a communal entrance hall, the uPVC double glazed living accommodation consist of, entrance hall, fitted kitchen, modern fitted shower room, lounge with far reaching views and opening through to a well proportioned bedroom.

The property is situated in the context of an established residential location, always a popular choice with first time buyers, landlords and local/national investors.

Communal ground floor entrance hall

First floor entrance hall

5ft x 3ft 2max

Kitchen

8ft 1 max x 6ft

Lounge / Diner

17ft 5 x 9ft 10

Bedroom

11ft x 7ft 4

Outside

There are well kept communal grounds with parking.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Please Note:

We have been informed by the seller the property has been fitted with new eco heaters approximately one year ago.

Tenure:

Leasehold. Subject to tenancy.

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Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.

Auction Deposit and Fees

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.

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.
One Double Bedroom
EPC Rating D
Council Tax Band A
Established And Convenient Residential Location
Scope for Significant Rental Increase

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 £175 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.