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1 bedroom ground floor flat for sale
Flat 26, Five Lamps Court, Kedleston Street, Derby DE1 3JW
£48,000
Flat 26, Five Lamps Court, Kedleston Street, Derby DE1 3JW
£48,000
Our Summary
- For sale on 31 July 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- ***Potential high yielding residential investment opportunity*** Situated in the sought after Five Lamps area, close to the city centre and the fashionable Friar Gate area, is a purpose built, self contained ground floor floor flat with its own separate access and gardens that are wrapped around the property
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyers Fee of 1
- 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)
- Auction: 31
Description
This is a potential high-yielding residential investment opportunity in the sought-after Five Lamps area, close to the city centre. The property is a self-contained ground floor flat with its own separate access and gardens, and is expected to achieve a rental income of around £600 per month, representing an impressive 15% gross return. The flat has a well-equipped living area with uPVC double glazing, a modern kitchen, double bedroom, and bathroom with shower. The property is offered for sale with immediate vacant possession and is being sold as a leasehold with 125 years remaining on the lease. The sale will take place at an online auction, and the buyer will need to pay a 10% deposit and a non-refundable auctioneer's fee of 1.2% of the purchase price.