No longer on the market
This property is no longer on the market
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Map3 bedroom terraced house
Auction
Sold STC
Terraced house
3 beds
3 baths
462
EPC rating: F
Key information
Features and description
- Sold via modern method of auction
- Three one bedroom apartments
- Generating £14,400 per annum in total
- Sold with tenants in situ
- Garden to the rear
- Council tax band A
- In need of upgrading
- Freehold
- All individual meters
- Close to city centre
THE PROPERTY Sold via the modern method of auction is this Victorian era semi detached property that has been divided to create three one bedroom flats. In brief each flat comprises of entrance hall, kitchen with space for dining table, double bedroom and bathroom. The apartments are currently tenanted and generate £400pcm each. The property is in need of modernisation and there is scope to increase rental return when works are completed.
All apartments were let on a 6 month tenancy agreement
Apartment one - Ground Floor
Flat 1 now in periodic tenancy
Kitchen 4.14m x 3.12m
Bedroom 3.29m x 3.18m
Bathroom 2.47 mx 2.06m
Apartment two - First floor apartment
Tenancy commenced 16/03/25
Kitchen 4.25m x 3.17m
Bedroom 3.30m x 3.15m
Bathroom 2.46m x 2.04m
Apartment three -Duplex
Tenancy commenced 13/01/25.
Kitchen 4.15m x 2.41m
Bedroom 4.22m x 3.59m
Bathroom 2.75m x 1.04m
This property is for sale by Martin & Co Derby powered by iamsold Ltd.
The property is for sale by Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
All apartments were let on a 6 month tenancy agreement
Apartment one - Ground Floor
Flat 1 now in periodic tenancy
Kitchen 4.14m x 3.12m
Bedroom 3.29m x 3.18m
Bathroom 2.47 mx 2.06m
Apartment two - First floor apartment
Tenancy commenced 16/03/25
Kitchen 4.25m x 3.17m
Bedroom 3.30m x 3.15m
Bathroom 2.46m x 2.04m
Apartment three -Duplex
Tenancy commenced 13/01/25.
Kitchen 4.15m x 2.41m
Bedroom 4.22m x 3.59m
Bathroom 2.75m x 1.04m
This property is for sale by Martin & Co Derby powered by iamsold Ltd.
The property is for sale by Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
About this agent
We are proud to serve the communities of Derby and the surrounding areas - providing expert advice and support across the whole of the property market. We are proud that Martin & Co Derby was nominated as one of the top ten East Midlands letting agents and estate agents, by leading the ESTAs industry awards for two years running. Conveniently located on St James Street and in the heart the Cathedral Quarter, Martin & Co Derby is only minutes away from the M1, allowing easy access to both the north and south of the UK. The dedicated team at Martin & Co Derby is able to advise on all areas of sales, lettings and property management and together they ensure you receive a truly tailor-made service to suit your individual needs. If you're looking for a home to rent in the area or have a property for sale, please do get in touch with a member of our team who would be delighted to help.