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£170,000 Guide Price

Lynton Street, Derby DE22

£170,000 Guide Price

5 Bedroom End of Terrace House For Sale

Lynton Street, Derby DE22


Key features

  • Five bedroom HMO
  • Three ensuite rooms
  • Spacious Kitchen
  • Good access to City Centre and transport links
  • Attractive rental yield
  • Potential to extend

For sale by Modern Method of Auction; Starting Bid Price £170,000 plus Reservation Fee. This property is for sale by Martin&Co Property Auction "powered by iam-sold Ltd"

This five bedroom HMO is a fantastic turn-key investment opportunity for a landlord looking to grow their portfolio. The property boasts five double bedrooms, three of which are ensuite rooms, a large kitchen and the potential to extend.

Stockbrook offers great access to the City Centre, Royal Derby Hospital, Derby University, A38 & M1. With a number of local amenities nearby including schools, shops and bus routes.

HMO LICENCE NUMBER: 82176
PLANNING PERMISSIONS: 19/01589/FUL Demolition of existing garage and single storey rear extension (bedroom and en-suite) to HMO (use class C4) . Erection of 2.1m boundary fence.
 

KITCHEN 12' 6" x 15' 8" (3.82m x 4.78m)  

BEDROOM ONE 10' 6" x 11' 11" (3.22m x 3.64m)  

ENSUITE ONE  

BEDROOM TWO 13' 7" x 11' 9" (4.16m x 3.6m)  

ENSUITE TWO  

BEDROOM THREE 10' 7" x 11' 9" (3.24m x 3.6m)  

ENSUITE THREE  

BEDROOM FOUR 10' 7" x 11' 11" (3.23m x 3.65m)  

BEDROOM FIVE 8' 11" x 11' 11" (2.72m x 3.65m)  

SHOWER ROOM  

REAR GARDEN  

DETACHED GARAGE  

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

TO VIEW OR MAKE A BID contact Martin&Co Today. 

Calculate your Stamp Duty

Until June 30 2021 most buyers will be exempt from paying stamp duty on the first £500,000 of the purchase price. Calculate how much Stamp Duty you would have to pay on this property by using the calculator below.

Please note: This calculator is provided as a guide only on how much stamp duty land tax you will need to pay in England and Northern Ireland. It assumes that the property is freehold and for residential purposes.

Book a viewing

Contact Martin & Co Derby

  • 15 St. James Street
  • Derby
  • DE1 1RF

Call 01332 650068

derby@martinco.com

Contact us now