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Nottingham Road, Chaddesden, Derby, Derbyshire

Sold (STC)

Full Description

Being sold by SDL Auction on Thursday 27th June 2024 9.00am

Guide Price £85,000+ plus fees

Unconditional with Variable Fee

– A spacious inner terrace property being sold with a tenant in situ with a current yield of over 6% and with potential of increasing it to around 7.5%. Close to Derby City Centre and offering two reception rooms, two double bedrooms and rear garden.

The accommodation is supplemented by gas fired central heating, UPVC double glazing and briefly comprises:-  entrance door to sitting/dining room, lounge and fitted kitchen.  To the first floor the passaged landing provides access to two double bedrooms and bathroom with a three piece suite. 

Outside, there is a small garden to the front and further garden to the rear.

Nottingham Road is well situated for both Derby and Chaddesden respectively which offer a range of shops, schools and transport links together with easy access for Derby City Centre and major road links.  

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 Variable 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. 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 for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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.
High Yielding Buy To Let Property With A Potential Yield Of Around 7%
EPC Rating D
Council Tax Band A, Freehold
Two Reception Rooms, Kitchen,
Passaged Landing, Two Good Size Bedrooms And Bathroom
Rear Garden


UPVC double glazed entrance door provides access to:-

Dining/Sitting Room 12' 4'' x 11' 2'' (3.76m x 3.40m)

Lounge 12' 3'' x 11' 3'' (3.73m x 3.43m)

Kitchen 8' 9'' x 6' 8'' (2.66m x 2.03m)

First Floor Passaged Landing

Double Bedroom One 14' 6'' x 12' 5'' (4.42m x 3.78m)

Double Bedroom Two 12' 2'' x 11' 6'' (3.71m x 3.50m)

Bathroom 9' 2'' x 6' 8'' (2.79m x 2.03m)

Outside

There is a walled foregarden. The rear garden is enclosed having a paved area, lawned area and decked area to the head of the garden. There is gated access to the side.


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.

Property Features

  • Spacious Inner Terrace Property For Sale With Tenant In Situ
  • Epc Rating D
  • Two Reception Rooms, Kitchen,
  • Rear Garden
  • Close To Derby City Centre
  • High Yielding Buy To Let Property With A Potential Yield Of Around 7%
  • Council Tax Band A, Freehold
  • Passaged Landing, Two Good Size Bedrooms And Bathroom
  • Gas Central Heating And Double Glazing
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Chaddesden Branch

Located

Hannells Estate Agents
513-515 Nottingham Road
Chaddesden
Derby
DE21 6LZ


Opening Times

Mon – Fri: 09:00am – 17:30pm
Sat: 09:00am – 16:00pm
Sun: Closed

Tel: 01332 281400

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