Terraced House for auction in Derby

Description

A high quality, well located, recently renovated large property with fantastic scope suiting either HMO, Serviced Accommodation or Family Home.

As a HMO an estimated return of £4,400 per calendar month, £52,800 per annum, is predicted.

Run as a successful serviced accommodation, the income could be above £150,000 per annum.

Locally there is fantastic demand for good quality rooms due to the large scheme of upgrades Derby City Centre is having right now.

The property comprises of entrance hall, front lounge, second reception room, dining room, kitchen, rear sitting room, w/c, cellar, three first floor double bedrooms, bathroom, shower room, three second floor bedrooms, one with en suite. To the rear is a garden with out building.

Osmaston Road is well located just a five minute walk from the centre of Derby for a wealth of shopping, entertainment, eateries and local businesses, as well as being well serviced by public transport. Derby Train station is also a very short walk away with services connecting the country.

Accommodation

Reception/Bedroom
4.52m x 4.83m

Reception/Bedroom
4.06m x 4.17m

Kitchen
4.22m x 3.12m

Bedroom one
2.82m x 4.22m

Bedroom two
4.22m x 2.92m

Bedroom three
4.06m x 4.11m

Family bathroom

Shower room

Bedroom four
4.11m x 3.71m

En suite

Bedroom five
2.95m x 4.22m

Bedroom six
2.51m x 3.17m

Outside

Garden and outhouse

Tenure

Freehold

Occupancy

Vacant posession upon completion

Costs

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding 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.

General

Potential
May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.