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4 bedroom terraced house for sale
109 Wilford Crescent East, Nottingham NG2 2ED
£160,000
109 Wilford Crescent East, Nottingham NG2 2ED
£160,000
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
- This is an exceptional investment opportunity offering a yield of 16
- While the property requires modernisation, it features a spacious mid-terrace layout divided into four separate flats, all occupied by long-term tenants at a monthly rent of £550 a total of £2200 per calendar month, funded by the council/government
- 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 exceptional investment opportunity features a spacious mid-terrace property divided into four separate flats, all occupied by long-term tenants at a monthly rent of £550 each, totaling £2,200 per calendar month. The property requires modernization but offers a yield of 16.5% based on the current guide price. Located near The Meadows Recreation Ground, The River Trent, and Nottingham City Centre, the property is conveniently situated. The property features an entrance hallway leading to the first two flats, with an additional flat and two separate bathrooms on the first floor, and a fourth flat on the second floor. All utilities are organized and paid for by the tenants. The property has a small courtyard and additional garden space, and is located within the Old Meadows Conservation Area. The sale is being conducted through an online auction with live auctioneers, and a 10% deposit and 1.2% buyer's fee will be required.