53 Cowley Street, Derby, Derbyshire, DE1 3SL
- Conditional Online Auction Sale
- Bedrooms: 3
AN IDEAL INVESTMENT OPPORTUNITY OFFERING SCOPE TO IMPROVE AND INCREASE VALUE WITHIN WALKING DISTANCE OF DERBY UNIVERSITY AND THE CITY CENTRE.
Tenure
Freehold
Description
AN IDEAL INVESTMENT OPPORTUNITY OFFERING SCOPE TO IMPROVE AND INCREASE VALUE WITHIN WALKING DISTANCE OF DERBY UNIVERSITY AND THE CITY CENTRE. Having the added benefit of a garage and off road parking. Accommodation briefly consists of:
HALLWAY- Giving access to upstairs accommodation and door to lounge/ diner.
LOUNGE/ DINER- Open plan large space with upvc double glazed windows to front and rear, understairs cupboard for storage and door to kitchen.
KITCHEN- Having a range of wall and base units with matching drawers, roll edge work top with sink and drainer and splash back tiling, slot in cooker and space for fridge and freezer. Upvc double glazed window to side elevation and door leading to rear yard, garden, garage and utility outbuilding.
BEDROOM 1- To the front of the property with upvc double glazed window and offering a well sized double bedroom.
BEDROOM 2- Having upvc double glazed window to front elevation and providing an additional double bedroom.
BEDROOM 3- With upvc double glazed window to rear elevation.
SHOWER ROOM- With shower cubicle and 2 piece white suite, obscure upvc double glazed window to rear elevation.
OUTSIDE- With access road from the front of the property providing access to the properties parking, garage, utility room and garden area.
GARAGE- With up and over garage door, light and power.
UTILITY ROOM/ OUTBUILDING- Having power, space and plumbing for washing machine and tumble drier.
Material Information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
EPC Rating
CURRENT 44/85 POTENTIAL
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer's Premium of £6,600 including VAT, plus a buyer's administration charge of £372 including VAT, a total of £6,972. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £372 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate (EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
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