2 bedroom Maisonette in Derby

1303 London Road, Alvaston, Derby, DE24 8QN
  • Lot No: 73
  • Property Type: Maisonette
  • Contract Type: Unconditional with Variable Fee
Hannells - Alvaston

Guide Price* £50,000+ plus fees

Result Sold at Auction £53,000

Property Description

A two bedroomed split-level maisonette situated right in the heart of Alvaston shopping centre, within walking distance of all the excellent local amenities on offer on the shopping parades, together with regular bus services to and from the city centre and easy access to road links to A52 and A6. The property is an excellent investment opportunity with superb rental potential being close to Rolls-Royce on Raynesway and also being within a few minutes from Pride Park and Ascot Drive. We understand that the property would let out for circa £600 per calendar month (£7,200 per annum) therefore would give a return of circa 13% based on guide price making it an excellent buy to let opportunity. The property benefits from double glazed windows and the accommodation briefly comprises of entrance hall, spacious lounge with large window flooding the space with light, understairs storage cupboard and fitted kitchen. A staircase leads to a landing leading to a spacious master bedroom, a second double bedroom and family bathroom. There is ample on-road parking close to the maisonette. The property is located at the top of London Road and is ideally located for Rolls-Royce, local shops, public transport into the city centre and has excellent access to A52, A6 and the A50 leading to the M1.

Lounge

18'2" x 12'9" (5.53m x 3.88m)


Kitchen

11'6" x 9'4" (3.5m x 2.84m)


Bedroom One

16'2" x 12'8" (4.92m x 3.86m)


Bedroom Two

11'6" x 9'4" (3.5m x 2.84m)


Bathroom

6'4" x 5'4" (1.93m x 1.62m)


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 Variable Fee (England and Wales). 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 fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 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.