Key Features:
> ** FOR SALE BY AUCTION ON Thursday 31st August 2023 at 10am **
> Block of Four Flats
> Building Plot for Three Bungalows
> Great Investment Opportunity
> Rental Income of £20,400 per annum
Property Description:
** FOR SALE BY AUCTION ON Thursday 31st August 2023 at 10am **Â
The SDL 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. In conjunction with SDL Property Auctions.Â
Property Description: Block of 4 flats and 3 building plots. A superb development opportunity comprising of a substantial property offering 4x self contained flats along with a building site with planning permission for 3x detached dormer bungalows. The block of flats are fully let at £20,400 per annum. - 3x One Bed Flats and 1x Studio Flat.Â
Adjacent land with planning permission granted for 3x detached dormer bungalows.
Planning Ref 20/00686/FULÂ
Each bungalow will offer two bedrooms and two bathrooms along with gardens and parking. Full information regarding the building plot is available on Derby City council website.Â
Draft Sales Details These sales details are awaiting vendor approval.Â
Tenure: Freehold. Subject to tenancy. Â
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).Â
Binding contracts of sale will be exchanged at the point of sale.Â
All sales are subject to SDL Property Auctions’ Buyers Terms.Â
 Auction Deposit and FeesÂ
The following deposits and non- refundable auctioneer’s fees apply: • 5Þposit (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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. 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. Â
Additional InformationÂ
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.Â
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.  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.
Â
Â
42 Lodge Lane, Spondon, DE21
Valid until 07.05.2029
Property Type: | Flat | Build Form: | End-Terrace |
Transaction Type: | Rental (private) | Energy Tariff: | Single |
Main Fuel: | Mains gas (not community) | Main Gas: | Yes |
Floor Level: | Ground | Flat Top Storey: | No |
Top Storey: | 0 | Glazing Type: | Double glazing, unknown install date |
Previous Extension: | 0 | Open Fireplace: | 0 |
Ventilation: | Natural | Walls: | Solid brick, with external insulation |
Walls Energy: | Good | Roof: | (another dwelling above) |
Main Heating: | Boiler and radiators, mains gas | Main Heating Controls: | Programmer and room thermostat |
Hot Water System: | From main system | Hot Water Energy Efficiency: | Good |
Lighting: | Low energy lighting in 80% of fixed outlets | Floors: | Suspended, no insulation (assumed) |
Total Floor Area: | 68 m2 |
Click the map pin to see details
Contains public sector information licensed under the Open Government License v3.0
The information contained within this report is for general information purposes only and to act as a guide.
Sprift Technologies Ltd aggregate this data from a wide variety of sources and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, of the information or related graphics contained within this report for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this report.
Information produced by HM Land Registry. Crown copyright and database rights 2024
Council Tax pays for multiple services in the property's local authority with only part of it going to the council itself. Residences within a Parish or Town Council area have an additional charge to fund the body. Each parish/town council has a different budget and imposes different fees. Not all councils have parishes/town councils and this varies across the country.
In instances where parish/town councils do affect the council tax value and we do not have the exact figure, we present council tax data with the below highlights. Take care to confirm which is being presented by the dashboard as this will need to be made clear to your clients:
avg - When we indicate the Council Tax price is 'avg', it means we have not been able to obtain an exact figure, so this number represents the mean value of Council Tax across the council for that property band. The exact figure will be slightly higher or lower because each parish/town council is priced differently.
min - When we indicate the Council Tax is a 'min', it represents the known amount that the council sets for itself, but excludes the parish/town council cost which we have not been able to obtain. The additional cost will need to be considered as it will be greater than the indicated price.