Detached house in Derby

70 Portland Street, Derby DE23 8QB
  • Lot No: 70
  • Property Type: Detached house
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £325,000+ plus fees

Result Sold Prior to Auction

Property Description

Situated within the context of an established residential location is a very substantial two and one storey detached dwelling. The large 10 bedroomed property, let on a room by room basis has three separate kitchen areas and en-suites to all bedrooms. When fully let we would anticipate a rental income of £52,800 per annum. This would represent a 14% return based on the guide price. Internally the recently renovated property has uPVC double glazing, remote controlled gas central heating, motion controlled LED lighting in communal areas and bathrooms, Wifi, communal lounge and offers neutral decor throughout. There is gated access to the rear where there is ample off road parking if required or potential further development, subject to the usual planning consents. The property is situated within a short distance of Derbys inner ringroad which provides swift access onto numerous retail parks and the city centre. Excellent residential high yield investment opportunity.

Virtual Tour

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Tenure

Freehold

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. 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 auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s 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 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.

Auction Details

Date 24th June 2021

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

70 Portland Street, Derby DE23 8QB