10 Crompton Street, Derby, Derbyshire DE1 1NY
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Substantial freehold property being part let part vacant
- Converted into 3x one bedroomed self contained flats
- Potential income of circa £22k per annum when fully let
- Potential high yielding residential investment opportunity
- Situated within a strong letting location
- Literally yards from Derby City Centre
- Very attractive guide price
Description
Sold at auction on 26 September 2024 for £155,000.
Excellent buy to let residential investment opportunity.
Situated within literally yards of Derby City Centre, is a substantial freehold property, converted into 3x self contained one bedrooms flats, being part part vacant with a potential income of circa £22,000 when fully let, this representing an impressive 15.7% return based on the guide price.
The traditionally built property is arranged over three floors and in brief comprises of, communal side entrance passage. Flat 1 with vacant possession, (front), recently upgraded consists of open plan living kitchen with built-in-appliances, inner lobby/utility, double bedroom and bathroom with three piece suite in white with shower.
Flat 2 (rear) - the auctioneer has not inspected and we are informed by the seller the accommodation consists of, entrance hall, fitted kitchen with stairs. First floor landing lounge, bedroom and bathroom. Currently let producing £625 per calendar month (£7,500 per annum), however will be vacant in time for completion.
Flat 3 (middle) with vacant possession is arranged over three floors and requires some minor improvements and in brief comprises, ground floor entrance with staircase, first floor landing, large lounge with opening through to a fitted kitchen with built-in-appliances. To the second floor L-shaped landing there is a double bedroom and shower room.
The property is situated within a strong letting location conveniently positioned for an abundance of amenities all within walking distance. Pride Park and the A52 are both within a short commute.
Communal side passaged entrance
Flat 1 (front) Vacant.
Open plan living kitchen 15ft 7 into chimney recess x 12ft 7
Inner lobby/utility 9ft 1 reducing to 5ft 7 x 5ft 6
Bedroom 11ft 9 max x 9ft 6
Bathroom 8ft 9 x 5ft 7
Flat 2 (rear) Currently let on an AST producing £625 per calendar month but will be vacant on completion. Auctioneers have not inspected the flat.
Entrance hall
Fitted kitchen
First floor landing
Lounge
Bedroom
Bathroom
Flat 3 (Vacant)
Ground floor entrance 9ft 4 x 5ft 3
First floor landing 12ft 6 x 5ft 4
Lounge 19ft 9 into chimney recess x 13ft 7
Kitchen 8ft 7 x 6ft 8
Second floor floor landing L-shaped 10ft 3 x 8ft 4 restricted height
Bedroom 10ft 3 x 8ft 4 restricted height
Shower room 10ft 4 x 4ft 1
Outside. Rear yard.
Mobile Phone Coverage O2, EE, Three and Vodafone are available in this location.
Broadband (estimated speeds) Standard 19 mbps. Superfast 223 mbps. Ultrafast 1000 mbps.
Satellite & Cable TV Availability BT and Sky are available in this location.
Construction Material Solid brick, as built, no insulation (assumed).
Tenure: Freehold
EPC Rating: E D E
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.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
The Buyers 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 Price:
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.
Brochures
Bidders RegistrationView Legal Pack- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Permit
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
10 Crompton Street, Derby, Derbyshire DE1 1NY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Derby Station0.8 miles
- Peartree Station1.5 miles
- Spondon Station3.0 miles
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 202405101607sq_ubph. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Property Auctions, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Property Auctions, Nationwide on 08000 465454.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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