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Friar Gate Court, Friar Gate, Derby, Derbyshire, DE1

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • For Sale by Modern Auction – T & C’s apply
  • Subject to Reserve Price
  • Buyers fees apply
  • The Modern Method of Auction
  • City Centre Location
  • Two Bedroom Ground Floor Flat
  • Resident Parking
  • Double Glazed & Gas Central Heated
  • Leasehold
  • Viewing Is Essential

Description

An excellent ready-made buy-to-let investment opportunity, this well-presented ground floor apartment is offered with a tenant in situ and is currently generating a gross annual rental income of £9600, being sold by modern method of auction. Alternatively, the property can be made available with vacant possession, making it an ideal purchase for both investors and owner-occupiers alike.
Ideally positioned within walking distance of Derby City Centre, the property enjoys convenient access to a wide range of local amenities, shops, restaurants, leisure facilities and excellent transport links.
The spacious accommodation benefits from gas central heating and double glazing throughout and comprises a welcoming hallway with three generous storage cupboards, a spacious lounge diner with feature fireplace, fitted kitchen diner, two well-proportioned double bedrooms, a bathroom and a separate WC.
Outside, the property benefits from access to a residents' permit parking area.
This is a fantastic opportunity to acquire a spacious apartment in a highly convenient location, whether as an immediate income-generating investment or a home close to the heart of the city.
Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.



Communal Area

There is a communal hallway leading to this apartment with a door from the front and the rear where the car park is located.

Hallway

Composite door from the communal hallway. Radiator, wooden flooring, three sizable storage cupboards, doors off to all rooms.

Lounge Diner

4.72m x 3.7m

Double glazed window to the rear. Radiator, wooden flooring and inset flame effect electric fire.

Kitchen Diner

3.7m x 2.4m

Double glazed window to the rear. Matching wall and base units, roll edge work surface with a one and half sink drainer. Space for a gas cooker, space for a fridge freezer and space for a washing machine. Part tiled walls.

Bedroom One

4m x 3.23m

Double glazed window to the front. Radiator and wooden flooring.

Bedroom Two

3.89m x 3.02m

Double glazed window to the front. Radiator and wooden flooring.

Bathroom

Panelled bath with electric shower over, pedestal wash hand basin, heated towel rail, part tiled walls and extractor.

WC

1.85m x 0.86m

WC and part tiled walls.

Outside

There is a residents permit car park located to the rear of the building and a communal garden with lawns and mature trees.

Agents Note

Please note that an AML fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.

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.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Friar Gate Court, Friar Gate, Derby, Derbyshire, DE1

Approximate location

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Affordability

Monthly repayments£502
Property: £ 100,000
Deposit: £ 10,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About Frank Innes, Derby

41 Cornmarket, Derby, DE1 2DG
Industry affiliations:

Serving Leicestershire, Nottinghamshire and Derbyshire, Frank Innes offers trusted sales and lettings services across the East Midlands. Established in the early 1930s and part of the Connells Group, our local branches provide expert advice backed by decades of experience. If you're looking for help on your property search, contact us today.

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Disclaimer - Property reference DEY260343. 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 Frank Innes, Derby. 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 Frank Innes, Derby on 01332 215488.

*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.