• Excellent investment opportunity. +
• 3No. self-contained flats let on Assured Shorthold Tenancy agreements (AST). +
• Fully let producing £18,000pa. +
• Located close to Chesterfield town centre. +
• Viewing strongly advised +

FOR SALE VIA LIVESTREAM AUCTION ON THE 13TH MARCH 2023- NOTE: BIDDERS WILL NEED TO PRE-REGISTER ON PRICELINSEY WEBSITE ( PRIOR TO THE AUCTION DAY.

An exciting opportunity has arisen to purchase this substantial semi-detached house comprising 3No. self-contained flats let on Assured Shorthold tenancies (AST). The property is currently producing a total rental income of £18,000 per annum.

Ground Floor;
Flat 2 & 3

First Floor
Flat 1

Rental Details

The flats are all let on Assured Shorthold Tenancies;
Flat 1 – £7,200 pa (£600 pcm)
Flat 2 - £5,400 pa (£450 pcm)
Flat 3 - £5,400 pa (£450 pcm)

TOTAL RENTAL INCOME £18,000 PA

Description
The property comprises a three bedroom semi detached house situated in a popular residential location. The property requires a scheme of refurbishment and the gardens are substantially overgrown.

Location
The property is located on Southwell Lane in a popular residential area just off the A38. Victoria Road train station is approximately 0.7 km distant. Junction 28 of the M1 motorway is approximately 3 km distant.

Accommodation
A rare opportunity has arisen to purchase this generously proportioned three bedroom detached house with integral garage. The property requires a scheme of updating and modernisation to create a fantastic family home. Benefitting from gas central heating (not tested), uPVC double glazing, the property is conveniently placed close to local schools, shops, amenities and transport links.

The accommodation briefly comprises: Ground floor; Entrance hallway, Spacious lounge. Fitted kitchen having a range of wall, drawer and base units inset sink, electric oven, rear extension providing a dining arear with glazed uPVC doors leading to the rear garden. Utility room and ground floor WC.

First Floor; Spacious landing, three bedrooms, family bathroom comprising a bath with mixer shower over, pedestal wash hand basin and w/c.
Outside sees front garden with driveway providing off street parking leading to an integral garage, together with enclosed rear garden.

Exterior

The property benefits from both front and rear gardens. The rear gardens is substantially overgrown and prospective buyers are advised to take caution at the viewings. The is a driveway to the front of the property providing off street parking for one vehicle.

Key Information:-
Tenure – Freehold.
Council Tax Band- A.
EPC Ratings –Flat 1 D-57; Flat 2 D-62; Flat 3 C-69

Additional Fees:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium- 1.5% (Minimum Fee £1,800 inc vat);
Administration Fee- £1,800 inc vat)

Tenure: See Legal Pack Terms:
Guide Prices & Reserves
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.

Consumer Protection Regulations 2008
Price Linsey Property Consultants Ltd endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.

Anti Money Laundering Regulations
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.

Control of Asbestos Regulations
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Price Linsey have not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries. Administration Fee: £1500 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.