50 DERWENT STREET

FOR SALE BY MODERN METHOD OF AUCTION (IAMSOLD)

This three-bedroom mid-terrace property offers an excellent opportunity for investors or buyers looking to add value, requiring a programme of general improvement.

Upon entering the property, you are welcomed into a hallway which leads through to a front reception room, with a second reception room located to the rear, providing well-proportioned living space. There is also useful understairs storage.

To the rear, the property features a galley kitchen which leads into a storm porch, providing access to the rear garden and through to the ground floor bathroom.

To the first floor, there are three bedrooms, along with an additional small room housing the boiler, which in turn leads through to the third bedroom. The layout offers scope for improvement and potential reconfiguration, subject to the necessary consents.

The property would benefit from modernisation, presenting a great opportunity to enhance both rental income and overall value.

Situated in a convenient and established residential location, the property is well placed for local amenities, schools, and transport links, making it attractive to both tenants and owner-occupiers once improved.

A Buyer Information Pack must be reviewed before bidding at a cost of £349 (including VAT). The successful bidder will enter a Reservation Agreement with a non-refundable Reservation Fee of 4.5% of the purchase price (including VAT), minimum £6,600, payable in addition to the purchase price and counted towards Stamp Duty Land Tax. Completion is required within 56 days. Buyers should confirm mortgage suitability before bidding.

Ground Floor -

Living Room - 2.454 x 3.527 (8'0" x 11'6" ) -

Reception Room - 4.676 x 3.478 (15'4" x 11'4" ) -

Understairs Storage -

Kitchen - 1.891 x 3.683 (6'2" x 12'0" ) -

Storm Porch - 1.800 x 0.801 (5'10" x 2'7" ) -

Bathroom - 1.870 x 1.961 (6'1" x 6'5" ) -

First Floor -

Bedroom One - 3.530 x 3.348 (11'6" x 10'11" ) -

Bedroom Two - 3.532 x 3.688 (11'7" x 12'1" ) -

Bedroom Three - 1.841 x 1.975 (6'0" x 6'5" ) -

Boiler Room - 1.963 x 1.381 (6'5" x 4'6" ) -

Stephenson Browne Aml Disclosure - Agents are required by law to conduct Anti-Money Laundering checks on all those buying a property. Stephenson Browne charge £49.99 plus VAT for an AML check per purchase transaction . This is a non-refundable fee. The charges cover the cost of obtaining relevant data, any manual checks that are required, and ongoing monitoring. This fee is payable in advance prior to the issuing of a memorandum of sale on the property you are seeking to buy.