Flat in Derby

Flat 16, The Old Vicarage, 17 Swinburne Street, Derby DE1 2HL
  • Lot No: 53
  • Property Type: Flat
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £55,000+ plus fees

Result Sold at Auction £58,000

Property Description

An excellent buy to let residential opportunity to acquire a stylish one bedroom, top floor flat currently let on a rolling agreement, producing £675 per calendar month (£8100 per annum), this represents an impressive gross return of 14.7% based on the guide price. The well proportioned living accommodation consists of a fitted kitchen with built in appliances, lounge/diner, double bedroom and a bathroom. Outside located to the rear of the property there is a communal parking area with an allocated parking space. The property occupies a quiet tree lined cul de sac location, conveniently positioned for the Derbion shopping centre and the city centre. Additional Information Parking Arrangements: Allocated parking Water: Mains Electric: Mains Sewerage: Mains Heating: Mains gas Building construction: Standard brick Flood Risk: Very low Broadband: Standard, Superfast and Ultrafast available Mobile Signal: O2, EE, Three and Vodafone available Satellite and Cable TV Availability: BT, Sky and Virgin

Lease information

Term of lease is 125 years from 1st June 2008.


Ground Rent and Service Charge

£500 per year. However, it is reviewed on each 15th anniversary of the lease term on an index linked basis so will be due its first review in June 2023. The Service Charge is £448.00 per quarter. The next annual cost review is due in January 2025.


Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


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 27th March 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 16, The Old Vicarage, 17 Swinburne Street, Derby DE1 2HL