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4 bedroom terraced house for sale
4 Albemarle Road, Chaddesden, Derby DE21 6UG
£110,000
4 Albemarle Road, Chaddesden, Derby DE21 6UG
£110,000
Our Summary
- For sale on 30 January 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 freehold residential investment opportunity*** Occupying an established and strong letting location, is an ex-local authority non-standard construction, four bedroomed mid-terraced property, offered for sale with immediate vacant possession
- Outside the property is set nicely back from the road with fore garden which lends itself to creating a driveway, subject to the necessary planning consents
- Entrance Hall 10ft 2 x 6ft 8Lounge 16ft 1 into chimney recess x 13ft 10Separate Dining Room 10ft 5 into chimney recess x 10ft 6Fitted Kitchen 10ft 4 x 9ft 9First Floor Landing 13ft 9 x 2ft 8Master Bedroom 14ft 1 reducing to 10ft 2 x 9ft 8Bedroom Two with recessed shower cubicle 9ft 3 x 9ft 2Bedroom Three 10ft 6 x 7ft 4Bedroom Four 8ft 9 x 7ft 3Family Bathroom 6ft 1 x 5ft 5Outside Fore garden which lends itself to creating a driveway, subject to the necessary planning consents
- 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
A potential high-yielding freehold residential investment opportunity is available in Chaddesden, a suburb of Derby. The property, a four-bedroomed mid-terraced house, has been previously let as a HMO, generating a combined gross income of £20,640 per annum, representing an impressive 18.8% return based on the guide price. The property features a well-proportioned living accommodation, including an entrance hall, lounge, separate dining room, and fitted kitchen with built-in appliances. The first-floor landing leads to four bedrooms, including a master bedroom with an en-suite shower room, and a family bathroom with a three-piece suite. The property has a fore garden and an enclosed rear garden with outbuildings. With an excellent range of amenities and good road network connections, this property presents a fantastic investment opportunity. The auction will be broadcast online with live auctioneers, and interested bidders can register to participate in the auction by submitting their registration form no later than 5pm the day before the auction.