2 Bed Terraced House, Single Let, Derby, DE22 3QT, £75,000

• Auction: 27.02.2025 09:00 +
• Council Tax Band: A +
• High yielding two bedroomed mid-terraced property +
• Walking distance of Derby city centre and the fashionable Friar Gate +
• Scheme of improvement and upgrading required +
• uPVC double glazed and gas centrally heated +
• Entrance hall and passaged landing +
• Let on an AST producing £800 per calendar month (£9,600 per annum) +
• An impressive 12.8% return based on the guide price +
• EPC Rating: D +

For sale on 27 February 2025
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.
The auction will commence at 09:00. *High yielding freehold residential investment opportunity*

Situated within short walking distance of the fashionable Friar Gate area of Derby and the city centre, is a two bedroomed mid-terraced property, offered for sale at very realistic guide price.

Currently the property is let on an assured shorthold tenancy agreement producing £800 per calendar month (£9,600 per annum). This represents an impressive 12.8% return based on the guide price.

Constructed of traditional brick set beneath a pitched tiled roof, the uPVC double glazed and glazed and gas centrally heated living accommodation in brief comprises of entrance hall, dining room/occasional guest bedroom, full width rear living room and fitted kitchen with built-in-appliances. To the first floor passaged landing there are two well proportioned bedrooms and a bathroom with three piece suite with shower over.

Outside to the rear there is an enclosed easy to manage garden with an adjoining brick built garden shed housing the combination boiler. The property backs onto Jackson Street Car Park. Entrance Hall 15ft 5 x 2ft 7
Dining Room/Occasional Guest Bedroom 12ft 9 x 7ft into chimney recess
Full Width Rear Living Room 12ft 3 x 11ft 3 into chimney recess
Fitted Kitchen 8ft 9 x 5ft 9
First Floor Passaged Landing 16ft x 2ft 6
Bedroom One 12ft 4 x 10ft 1 into chimney recess
Bedroom Two 12ft 4 x 7ft 3 into chimney recess
Bathroom 9ft x 5ft 9
Outside Enclosed easy to manage rear garden with an adjoining brick built garden shed housing the combination boiler. The property backs onto Jackson Street Car Park.
Flood Risk Rivers and Seas - No Risk. Surface Water - Very Low.
Building Construction Solid brick, as built, no insulation (assumed) - Information taken from EPC.
Broadband (estimated speeds) Standard 16 mbps, Superfast 80 mbps and Ultrafast 1000 mbps show as available in this location
Mobile Signal EE, O2, Vodaphone and Three show as available in this location.
Satellite and Cable TV Availability Sky and BT show as available in this location.
Draft Sales Details These sales details are awaiting vendor approval. Tenure: Freehold EPC Rating: D Terms:
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.