Studio flat in Derby

Flat 22, 186 Woods Lane, Derby DE22 3UE
  • Lot No: 99
  • Property Type: Studio flat
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £35,000+ plus fees

Result Sold at Auction £39,500

Property Description

A potential high yielding residential investment opportunity to acquire, a purpose brick built, ground floor studio apartment, requiring minor improvements and offered for sale with immediate vacant possession. Internally there is communal entrance hall and the uPVC double glazed apartment consist of; entrance hall, lounge, bedroom, fitted kitchen with white goods included within the sale and bathroom with three piece suite in white with shower. Outside there are well kept gardens with communal parking. In our opinion if improvements where made to the property, we would estimate a gross rental income of £500 per calendar month (£6000 per annum) this would represent a potential and impressive 17.14% return based on the guide price. The property is situated within a strong residential letting location, conveniently positioned for the city centre, Derbys inner ring road and the Royal Derby Hospital.

Communal gardens and parking area

Each flat has a designated parking space within the car park.


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 25th July 2024

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 22, 186 Woods Lane, Derby DE22 3UE