1 bedroom Apartment in Nottingham

137 Yale House, Rivermead, Wilford Lane, West Bridgford, Nottingham NG2 7RH
  • Lot No: 90
  • Property Type: Apartment
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £65,000+ plus fees

Result Sold at Auction £70,000

Property Description

A clean, ready to move into one bedroomed apartment in the very well regarded West Bridgford area. Comprising of entrance hallway, double bedroom, large living/dining room, shower room and kitchen. There is also the bonus of a balcony accessed from the lounge or bedroom. Representing fantastic value with a possible rental income of £650-£700 per calendar month. Similar apartments have sold subject to contract for in excess of £100,000, according to Rightmove data.

Exterior

Unallocated parking. Please see legal pack for further information.


Leasehold Information

Term : 189 years from 24 June 1975. We are advised by the seller that the current service charge year ended 31 December 2023 - £1,814.11 plus Reserve Fund £1,375 charge for the year. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Potential Buy To Let Investment

Thought suitable as a Buy-to-Let investment opportunity subject to any restrictions contained within the lease. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


Tenure

Leasehold

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 25th May 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

137 Yale House, Rivermead, Wilford Lane, West Bridgford, Nottingham NG2 7RH