4 bedroom House of Multiple Occupation in Derby

97 Wolfa Street, Derby, Derbyshire DE22 3SE
  • Lot No: 26
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £160,000+ plus fees

Result Sold at Auction £176,000

Property Description

A superb investment opportunity comprising of a three storey property arranged as a four bedroom HMO. Offered fully let at £18,240 from 1st July 2022 -30th June 2023 inclusive. Already fully let for the 2023 -2024 academic year from 1st July 2023 - 30th June 2024 at £19,200 per annum inclusive of bills. A gross return yield of around 12% against guide price. In good order throughout with modern kitchen, bathroom and decor and the property had a new roof and a rewire both in 2019. Well placed in a great letting location, giving easy access to Derby University and the city centre.

Ground Floor

Reception Hallway, Communal Lounge, Communal Kitchen, Bedroom One


First Floor

Landing, Bedroom Two, Bedroom Three, Communal Bathroom


Second Floor

Bedroom Four


Outside

Rear Garden


Draft Sales Details

These sales details are awaiting vendor approval.


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 26th January 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

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

Map

97 Wolfa Street, Derby, Derbyshire DE22 3SE