5 bedroom House of Multiple Occupation in Derby

17 Duffield Road, Derby, Derbyshire DE1 3BB
  • Lot No: 157
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £185,000+ plus fees

Result Sold Prior to Auction

Property Description

The property is in excellent order with refitted modern kitchens, modern bathroom and tasteful décor and offers a combined total of four bedrooms comprising of a large self-contained studio flat to the ground floor and and a three bedroom HMO letting unit to the first and second floors. The property has a long letting history and is currently let for 2022-2023 Academic year at £21,242 per annum. Full HMO Licence and fully compliant. The total rental income amounts to £21,242 per annum inclusive and therefore offering a return of over 11% gross at the current guide price. 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

2022/2023 - £21,242<br>2021/2022- £24,280<br>2020/2021 - £24,480<br>2019/2020 - £24,284<br>2018/2019 - £24,284<br>2017/2018 - £22,464<br>2016/2017 - £17,922


Accommodation:

In more detail the property comprises -


Studio Unit - Ground Floor

Reception Hallway, Modern Kitchen, Bathroom, Separate wc, Lounge/Bedroom


Three Bedroomed Unit - First Floor

First Floor<br>Reception Hallway, Communal Kitchen, Communal Bathroom, Bedroom One<br>Bedroom Two<br><br>Second Floor<br>Communal Lounge, Bedroom Three


Outside:

Garden to the front. Please not there is no garden to the rear.


Note:

There is no gas at this property despite the reference to gas in the PIF which has been completed by the seller in error. We have not been provided with HMO documents. 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.

Auction Details

Date 23rd February 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

17 Duffield Road, Derby, Derbyshire DE1 3BB