1 bedroom Ground floor flat in Nottingham

125 The Wells Road, Nottingham, Nottinghamshire NG3 3AG
  • Lot No: 50
  • Property Type: Ground floor flat
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £55,000+ plus fees

Result Sold at Auction £50,000

Property Description

The property comprises a dwelling which has been converted into two flats at ground floor and first/second floor level with front and rear garden. The upper floor flat has been sold off on a long-leasehold basis. The property is situated in a popular residential location, well placed for a good range of local amenities and with good public transport links. The ground floor flat is of a good size, with one bedroom and is currently let at £495 per calendar month/£5,940 per annum, therefore offering a gross yield of over 10% at the guide price. The property represents an ideal investment opportunity.

Lounge/Diner 5.34m x 5.30m max

An L shaped lounge / dining room. With radiator, window to rear and door to side.


Kitchen 2.56m x 2.17m

With modern base and wall units, sink, worktops, integrated oven, hob and extractor. Space for appliances and window to rear aspect.


Bedroom 4.34m x 4.11m

With radiator and bay window to front aspect.


En Suite

With low flush w.c, wash hand basin and shower cubicle. Tiled walls and extractor fan.


Outside

Garden to the front. Side gated access to enclosed rear garden.


Please note:

The tenure is freehold subject to existing assured shorthold tenancy agreement and long leasehold in respect of upper floors. Copies of both agreements are contained within the legal pack.


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 29th September 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

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

Map

125 The Wells Road, Nottingham, Nottinghamshire NG3 3AG