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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 27 November 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 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: 27
Description
A leasehold ground floor flat is being sold at auction, with a guide price of £120,000 and a reserve price within £10% of that amount. The property is located in the sought-after Five Lamps area, close to the city centre and Friar Gate, and has its own separate access and gardens. The flat has well-equipped living accommodation, including an entrance hall, lounge through diner, modern kitchen, double bedroom, and bathroom with shower. The property is expected to achieve a rental income of around £7,200 per annum, and is being sold with immediate vacant possession. The lease has 125 years remaining from 1990, and any ground rent and service charge review periods will be confirmed in the lease documents. The sale will take place online with live auctioneers, and bidders can register to participate in advance.