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2 bedroom flat for sale
130 London Road, Derby DE1 2SR
£95,000
130 London Road, Derby DE1 2SR
£95,000
Our Summary
- For sale on 27 February 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
- A high yielding residential investment opportunity, to acquire two well appointed one bedroomed self contained flats, currently let on assured shorthold tenancy agreements producing a combined rental income of £12,000 per annum
- In our opinion there is scope for significant rental increase
- 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)
Description
This property is a high-yielding residential investment opportunity, comprising two one-bedroom self-contained flats currently let on assured shorthold tenancy agreements, producing a combined rental income of £12,000 per annum. The flats are located in a conservation area near Derby train station, city center, Pride Park, and the Derbion Shopping Centre. The property has a solid brick construction with internal insulation, and the flats feature uPVC double-glazed living accommodation, fitted kitchens, and bathrooms. The property is situated in a prime location, with excellent broadband, mobile signal, and TV availability. The sale is unconditional, and binding contracts will be exchanged at the point of sale. The buyer will need to pay a 10% deposit and a 1.2% buyer's fee, in addition to the purchase price.