5 bedroom House of Multiple Occupation in Derby

30 Sudbury Street, Derby DE1 1LU
  • Lot No: 39
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £200,000+ plus fees

Result Sold at Auction £222,000

Property Description

DRAFT DETAILS - AWAITING APPROVAL The property is in excellent order with modern kitchen, modern bathroom, tasteful décor and benefits from gas central heating and UPVC double glazing. Full HMO Licence and fully compliant. The property has a long letting history. Let at £1,711 per calendar month. This academic year the property was let on a 10 month agreement due to the owners carrying out refurbishment works and adding a further bathroom. A ready made, low maintenance investment with income from day one. This student investment property has been fully managed and continually let out to students by Nicholas Humphreys estate and letting agents at Friar Gate, Derby. The agents are more than happy to carry on the management for future landlords.

Letting History:

220/2021 - £21,840 2019/2020 - £21,120 218/2019 - £21,120 2017/2018 - £18,480 2016/2017 - 18,000


Ground Floor:

Reception Hallway<br>Communal Kitchen (Modern and fully equipped)<br>Communal Lounge<br>Bedroom One


First Floor:

Landing<br>Bedroom Two<br>Bedroom Three<br>Bedroom Four<br>Bedroom Five<br>Communal Bathroom<br>Communal Shower Room


Outside:

Gardens to the front and rear.


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 February 2022

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

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Map

30 Sudbury Street, Derby DE1 1LU