Block of Apartments in Ilkeston

Flat 1 and Flat 2, 6 Wilton Place, Ilkeston, Derbyshire DE7 8FW
  • Lot No: 47
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £117,000+ plus fees

Result Sold at Auction £130,000

Property Description

An excellent freehold residential investment opportunity to acquire a very attractive late Victorian three storey town house converted into two and one bedroomed self-contained flats producing a combined income of £11,248.64 per annum which represents a 9.6% return based on the guide price. The well maintained properties both are uPVC double glazed, gas centrally heated and are accessed through a ground floor communal entrance hall, staircase leading to the two bedroomed flat. The ground floor accommodation consists of entrance lobby, double sized bedroom, lounge, fitted kitchen with built in appliances and a shower room. To the first floor the landing leads to the two bedroomed flat which consists of a landing area with staircase to the second floor/attic room, there is a front sitting room, a dining room used as an occasional guest bedroom, fitted kitchen with built in appliances and a bathroom with three piece suite in white. To the second floor attic room there is a delightful master bedroom with vaulted ceiling. To the rear of the property the ground floor flat has access to an easy to manage enclosed yard.

Ground Floor Flat One

Let at £108.16 per week (£5,624.32 per annum). The accommodation comprises -


Communal Entrance Hall

Leading to -


Entrance Lobby

And -


Bedroom 12ft 1 reducing to 7ft 1 x 8ft 10

With uPVC double glazed window to the front elevation and central heating radiator.


Lounge 12ft 3 x 10ft 3 into chimney recess

With uPVC double glazed window to the front elevation and central heating radiator.


Kitchen 9ft 4 x 8ft

With uPVC double glazed window to the side and door to side. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with mixer tap and splashback tiling. Integrated appliances comprise a stainless steel electric oven with hob, extractor fan, understair storage and central heating radiator.


Shower Room

With uPVC double glazed window. Comprising a shower cubicle with low level wc, pedestal wash hand basin, tiling to walls, extractor fan and central heating radiator.


Outside

To the rear there is an enclosed easy to manage yard.


First Floor Flat

Let at £108.16 per week (£5,624.32 per annum). Having accommodation arranged over two floors comprising -


Landing Area

With staircase to first floor.


Front Sitting Room 13ft into chimney recess x 11ft 11

With uPVC double glazed window to front elevation, electric fireplace and central heating radiator.


Dining Room/Occasional Guest Bedroom 12ft 5 x 8ft into chimney recess

With uPVC double glazed window to the rear elevation and central heating radiator.


Kitchen 8ft 2 x 8ft 1

With uPVC double glazed window to the side elevation. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with mixer tap and splashback tiling. There is an integrated oven with hob, extractor hob and central heating radiator.


Bathroom

With uPVC double glazed window to the rear elevation. Fitted with a three piece suite in white comprising a panelled bath with low level wc, pedestal wash hand basin, tiling to walls, extractor fan and laddered heated towel rail.


Second Floor

Comprising -


Bedroom One 18ft 7 reducing to 12ft 1 x 10ft 5

Please note this is an irregular shaped room. With uPVC double glazed window to the front elevation, vaulted ceiling and central heating radiator.


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.