Block of Apartments in Ilkeston

Flat 1 -3, 23 Norman Street, Ilkeston, Derbyshire DE7 8JZ
  • Lot No: 196
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £225,000+ plus fees

Property Description

A fantastic opportunity to buy three apartments in the very popular residential area of Ilkeston! Apartment one comprises of entrance hallway, stunning open plan kitchen/lounge, three very well sized bedrooms and family bathroom. Expected rental income of £900 per calendar month. Apartment two is a very modern ground floor studio with family shower room. Expected rental income of £700 per calendar month. Apartment three is a very modern ground floor studio with family shower room. Expected rental income of £700 per calendar month. Total rental income expected of £2300 per calendar month representing a yield of over 12% against guide price. The properties are within walking distance of excellent local amenities and great road links. Additional Information Parking Arrangements: On street Water: Electric Electric: Mains Sewerage: Mains Heating: Electric radiators Building construction: Standard brick Flood Risk: Very low Broadband: Standard, Superfast and Ultrafast available Mobile Signal: EE, O2, Three and Vodafone available Satellite and Cable TV Availability: BT and Sky available

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. 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). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 29th February 2024

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Flat 1 -3, 23 Norman Street, Ilkeston, Derbyshire DE7 8JZ