2 bedroom Duplex in Derby

43 Babington Court, Gower Street, Derby DE1 1RH
  • Lot No: 117
  • Property Type: Duplex
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £75,000+ plus fees

Result Sold Prior to Auction

Property Description

Potential buy to let investment opportunity to acquire a two bedroomed top floor duplex apartment currently let on an Assured Shorthold Tenancy agreement producing £695 pcm (£8,340 per annum). This represents a 10.69% return based on the guide price. The ground floor has a communal entrance benefiting from lift access. The apartment in brief comprises: Entrance hall, bathroom, master bedroom with en-suite shower room, further guest bedroom. To the first floor there is a large open plan living and kitchen with built in appliances and a balcony enjoying rooftop views of Derby and beyond. The property is located in the heart of Derby just off St Peters Street, the main pedestrianised road in the City centre.

Communal Ground Floor Secured Entrance

With lift and staircase.


Entrance Hall

6ft 2 x 5ft 5


Bathroom

6ft 2 x 5ft 6


Master Bedroom

13ft 0 x 8ft 3


En-Suite Shower Room

5ft 8 x 5ft 1. Please note this is an irregular shaped room.


Bedroom Two

8ft 6 x 8ft 0


Open Plan Living/Kitchen

20ft 0 x 14ft 8. External balcony with views.


Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


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 27th July 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

43 Babington Court, Gower Street, Derby DE1 1RH