6 bedroom Terraced House in Derby

110 Osmaston Road, Derby DE1 2RD
  • Lot No: 36
  • Property Type: Terraced House
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £175,000+ plus fees

Result Sold at Auction £230,000

Property Description

DRAFT DETAILS Situated opposite the new Nightingale development and within short walking distance of the city centre is an attractive six bedroomed three storied Georgian town house offered with full vacant possession as from 23rd May 2022. One tenant currently remains and is due to vacate on 23rd May 2022. The property is a fully licenced HMO and if it were to be let at £88 per room, this would produce to an income of £27,456 per annum and would represent an impressive 15.6% return based on the guide price. The generous sized character accommodation has the benefit of uPVC double glazing, gas central heating (where stated) and in brief comprises entrance hall with two sitting rooms, lobby with wc, dining room, fitted kitchen with utility and wc. To the first floor split level landing, on the lower part of the landing there is a shower room and separate bathroom. On the first floor there are three bedrooms. To the second floor landing there are three bedrooms and a kitchenette. Outside to the rear there is an enclosed garden. The sale provides a genuine opportunity for the discerning purchaser looking to acquire an excellent residential investment opportunity being offered for sale at a very attractive guide price. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

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.