4 Lombard Street, Derby, Derbyshire DE22 4JD

A three bedroom semi detached property located within a sought after residential location with strong demand locally for BTL properties.

The house requires some updating, modernisation and once renovated offers the opportunity to add significant value.

The tenants have just left and the property currently could command a yearly rental income in the region of £14k which represents an extremely attractive ROI potential against the guide price in excess of 12%.

The property in brief comprises of an entrance hall, lounge, kitchen/dining room, conservatory on the ground floor with 3 bedrooms and a family bathroom on the 1st floor. Outside there is off road parking and gardens to the front and rear.

Locally there is a wide range of local amenities, shops and transport links.

Viewings are available.

Entrance hall

Lounge

Kitchen / Dining Room

Conservatory

Master Bedroom

Bedroom 2

Bedroom 3

Family bathroom

Freehold

Vacant posession upon completion

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding 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. 

Draft Sales Particulars
These sales details are awaiting vendor approval