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1 bedroom ground floor flat for sale
Flat 26, Five Lamps Court, Kedleston Street, Derby DE1 3JW
£42,500
Flat 26, Five Lamps Court, Kedleston Street, Derby DE1 3JW
£42,500
Our Summary
- For sale on 25 September 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 10:00
- ***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 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:
Description
A purpose-built, self-contained ground floor flat with its own separate access and gardens is up for sale in the sought-after Five Lamps area, close to the city centre and fashionable Friar Gate area. The property has a guide price of £80,000 and is expected to achieve a gross return of approximately 17% per annum, based on its current rental income of £600 per month. The flat has a well-equipped living accommodation with uPVC double glazing, including an entrance hall, lounge, diner, modern kitchen, double bedroom, and bathroom. The property is offered for sale with immediate vacant possession and has a leasehold tenure with 125 years remaining from 1990. The sale will take place through an online auction event with live auctioneers, and bidders must register by 5pm the day before the auction.