Riddings Street, Derby

** FOR SALE BY AUCTION ON THURSDAY 26TH MARCH ** NO UPWARD CHAIN ** This spacious two-double bedroom traditional terrace property is ideally located to offer excellent to the city centre and is within an area that is well renowned for its buy-to-let and student rental potential. Offering two generous reception rooms, kitchen space, useful cellar store and first floor bathroom, it could make an ideal renovation project for resale or a lucrative addition to a buy-to-let portfolio.

Benefitting from gas central heating, the accommodation in brief comprises: Entrance Hall with period style Minton tile flooring; good sized lounge; separate dining room; kitchen to the rear with access to the garden space and the useful cellar store; first floor landing; two generous double bedrooms, one of which has been partitioned and a fitted first floor bathroom.

To the rear of the property is an enclosed courtyard style garden space with brick-built outhouse.

Riddings Street is conveniently located for local amenities, including shops and schools, as well as excellent road and public transport access to Derby City Centre and derby Royal Hospital. A viewing is essential to appreciate the potential and position of the accommodation on offer.

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.

General

Note

Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Particulars

These sales details are awaiting vendor approval
Ideal Investment Opportunity
Freehold & Standard Construction
EPC Tbc
Council Tax Band A
On-Street Parking
Two reception Rooms & Separate Kitchen

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.