1 bedroom Apartment in Derby

Flat 6, Miller Court, Edward Street, Derby DE1 3BN
  • Lot No: 91
  • Property Type: Apartment
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £52,500+ plus fees

Result Sold at Auction £57,000

Property Description

Enjoying a pretty courtyard location, set in a converted granary mill in the Strutts conversation area, is a stylish one bedroom first floor apartment, conveniently located for the city centre and Darley Park. The apartment is currently let on assured shorthold tenancy agreement producing £520 per calendar per month (£6,240.00 per annum) this represents an impressive 11.3% return based on the guide price. In our opinion there is scope for significant rental increase. The top floor apartment in brief comprises; entrance hallway, fitted kitchen with built-in-appliances, generous size sitting room, double bedroom and bathroom with fitted shower. The property is located just off the popular Duffield Road with a good range local shops public houses, supermarket and the nearby A52 provides swift access onto the M1 Motorway, the city of Nottingham and further regional business centres. Excellent high yielding residential investment opportunity.

Entrance Hallway

With Storage


Kitchen 10 ft 11 x 7ft 6 (3.33m x 2.28m)

With a range of base units and space for appliances.


Bathroom 8ft 8 x 3ft 0 (2.65m x 0.92m)

With shower cubicle, WC and hand wash basin.


Leasehold Information

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


Draft Sales Details

These sales details are awaiting vendor approval.


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 19th December 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

Flat 6, Miller Court, Edward Street, Derby DE1 3BN