4 bedroom Terraced House in Nottingham

29 Palin Street, Nottingham, Nottinghamshire NG7 5AD
  • Lot No: 57
  • Property Type: Terraced House
  • Contract Type: Unconditional with Variable Fee

Guide Price* £139,000+ plus fees

Result Sold at Auction £150,000

Property Description

A perfect investment currently achieving £900 per calendar month with room for increase. Many similar properties are let around the £1200 per calendar month mark or are HMOs achieving £400-£450 per room per month (based on comparable evidence). Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. The property comprises of large front lounge, open plan kitchen/diner to rear, four very well sized bedrooms and family bathroom. To the rear is a private garden. Located on Palin Street in Radford, this house is in close proximity to numerous amenities. These include Forest Recreation Ground and Park and Ride, several small food outlets and Hyson Green Library. The city centre is easily accessible by the wonderful NCT bus network with multiple bus stops nearby. Junction 26 of the M1 is only a 15 minute drive away which allows for easy access out of the city.

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 Variable Fee (England and Wales). 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 fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price 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

29 Palin Street, Nottingham, Nottinghamshire NG7 5AD