A two bedroom mid terraced house being sold as an investment opportunity with tenant in situ currently paying £590 PCM, with the potential of £648 PCM as per the housing allowance calculator. The current tenant has been in situ for over 10 years. Gas central heating from combi boiler, double glazing and generous garden to the rear. It is suggested that the buyer reviews the legal pack before registered to bid at the auction dated 27th March 2025.

ROBERT ELLIS WELCOME TO THE MARKET THIS INVESTMENT OPPORTUNITY, TO BE SOLID WITH TENANTS IN SITU AT A LIVE AUCTION EVENT WITH OUR AUCTION PARTNERS SDL/EDDISONS AUCTIONEERS ON 27TH MARCH 2025.

The current tenant has been in situ for 10+ years, currently paying £590 PCM, with a potential of £648 PCM via the housing allowance calculator.

The property has accommodation over two floors comprising living room and kitchen to the ground floor. The first floor landing provides access to two bedrooms and a bathroom.

The property also benefits from gas fired central heating, double glazing and generous garden to the rear.

The property is being solid with tenant in situ as an investment only purchase. We highly recommend that the buyer reviews the legal pack before the auction starts.

AUCTION INFORMATION
Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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 auctioneers fees apply:

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

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).

The Buyers 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 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.

LOUNGE 4.06 x 3.47 (13'3" x 11'4")
uPVC double glazed front door, double glazed window, laminate flooring, radiator, Adam-style fireplace, meter cupboards, coving.

DINING KITCHEN 3.51 x 3.00 (11'6" x 9'10")
Matching wall, base and drawer units, marble-style work tops, one and a half bowl sink unit and drainer with mixer tap, tiled splashbacks, uPVC double glazed window, uPVC double glazed door opening out to the rear garden, tiled floor, coving, spotlights, stairs rising to the first floor with useful understairs storage area, with plumbing and power for a washing machine.

FIRST FLOOR LANDING
Doors to both bedrooms and bathroom.

BEDROOM ONE 4.03 x 3.48 (13'2" x 11'5")
Double glazed window, radiator.

BEDROOM TWO 3.48 x 2.06 (11'5" x 6'9")
Double glazed window, radiator, coving, dado rail.

BATHROOM 2.61 x 1.32 (8'6" x 4'3")
Three piece suite comprising walk-in shower cubicle with mains shower, wash hand basin, low flush WC. Tiled walls, double glazed window, radiator, wall mounted gas fired combination boiler (for central heating and hot water purposes).

OUTSIDE
The property fronts the street with side access shared with neighbouring properties. The rear garden is of a generous length with patio and lawns.

DIRECTIONAL NOTE
The property can be approached via Nottingham Road in Ilkeston, turning right on Albany Street.

AGENTS NOTE
The property is being sold in conjunction with SDL/Eddisons Auctioneers - the auction will take place on 27th March 2025. We suggest buyers read the legal pack before registering to bid.

A TWO BEDROOM MID TERRACED HOUSE BEING SOLD WITH TENANT IN SITU VIA AUCTION IN CONJUNCTION WITH SDL/EDDISONS AUCTIONS