No longer on the market
This property is no longer on the market
Floorplan
Map2 bedroom detached house
Key information
Features and description
- 8 week exchange
- Detached house
- Two bedrooms
- Investment potential
- 10.2% gross yield PAX
- Freehold
Video tours
The property is currently occupied with a tenant on an AST for £850 PCM expiring in May. A two month notice will be served on the tenant, if vacant possession is required.
Rooms
Auction
To be sold by online auction (conditional) on Thursday 26th June 2025 with an 8 WEEK EXCHANGE, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Freehold with vacant possession on request of 2 months' notice being served to the existing tenant.
EPC rating
E
Council tax band
A - Nottingham
Reservation Deposit
The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Deposit of £6,000 to the Auctioneer in return for the grant of the Exclusivity Period. The Reservation Deposit forms part of the purchase price for the property.
Exclusivity Period
Exclusivity Period means the period of 56 days from the date the Reservation Deposit is received by the Auctioneer, during which the Buyer and Seller will endeavour to exchange Contracts for the Transaction. Full details and a sample copy of the Reservation Agreement and Terms and Conditions are available in the Legal Pack.
Additional fees
Please ensure that you check the Legal Pack for each lot that you are interested in, prior to bidding. Paid in addition to the purchase price on completion, the Buyer shall reimburse the Seller's solicitors in respect of disbursements incurred in obtaining the Local Search results, Drainage search results and Environmental search results at £396 inc VAT, the sellers auction fees relating to the sale charged at £6,000 inc VAT.
Legal Pack
For each lot there is a draft Sale Memorandum and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are on the basis of the Reservation Agreement and Terms and Conditions.
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
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