1 bedroom Flat in Derby

4 Warping Mill, 68 Lodge Lane, Derby, Derbyshire DE1 3HB
  • Lot No: 38
  • Property Type: Flat
  • Contract Type: Unconditional with Variable Fee

Guide Price* £65,000+ plus fees

Result Sold Prior to Auction

Property Description

A one bedroom apartment located in an attractive converted former Mill. Well placed for the shops, bars and restaurants of the City Centre along with close to Derby University. Good transport links are close by via the A52, M1, and A38. The property benefits from secure gated allocated parking, exposed brickwork and period features along with secure intercom access. An ideal buy to let investment with estimated rental value of £750 per calendar month/ £9,000 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Communal Hallway

With secure entry door and intercom.


Reception Hallway

Entrance hallway, with radiator.


Lounge Area - 4.27m x 2.21m

With original large windows with secondary glazing, storage cupboard housing the gas fired combi boiler and radiator and exposed brickwork.


Dining/Kitchen Area - 5.79m x 2.21m

Fitted with a selection of built-in units with integrated fridge freezer, washing machine, oven and hob, and granite work tops, inset sink and window to the side aspect.


Master Bedroom - 4.75m x 3.35m

A generous master bedroom with laminate flooring, radiator, exposed feature brickwork and window to the side.


Bathroom - 2.21m x 2.08m

Fitted with a white suite offering WC, hand wash basin and bath with shower over. Heated towel rail and window to the side aspect.


Outside -

Electric gated parking space and secure communal entrance door.


Construction Material:

Standard brick


Note:

Please be advised that key information regarding Water supply, Electricity supply, Sewerage arrangements and Heating supply are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.


Note:

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


Leasehold information:

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack. Leasehold with 978 years remaining.


Tenure

Leasehold

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 Variable Fee (England and Wales). 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 fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 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.

Auction Details

Date 27th June 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

4 Warping Mill, 68 Lodge Lane, Derby, Derbyshire DE1 3HB