Auction Property 2 Bed House 

Sleetmoor Lane, Somercotes, Alfreton

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Features

  • EMAIL ENQUIRIES ONLY to property@johnpye.co.uk - one of our agents will call you back shortly
  • Auction Date: 26th & 27th May 2020
  • Spacious two bedroom end terrace house
  • Situated on a double plot
  • Outline planning for one three bed detached dwelling
  • Driveway, garage and generous rear garden
  • Currently tenanted at £495 pcm (£5,940 pa)
  • Popular residential location
  • Excellent transport links
  • Freehold

Quick Details

2 Bedrooms1 Reception1 Bathroom

Address

25 Sleetmoor LaneSomercotesAlfretonDerbyshireDE55 1RB
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Property Details

•EMAIL ENQUIRIES ONLY to property@johnpye.co.uk – one of our agents will call you back shortly
•For Sale by Online Auction: 26th & 27th May 2020
•Guide Price: £105,000+
•End terrace house with outline planning
•Tenanted: Current income of £5,940 per annum

•EMAIL ENQUIRIES ONLY to property@johnpye.co.uk - one of our agents will call you back shortly
•For Sale by Online Auction: 26th & 27th May 2020
•Guide Price: £105,000+
•End terrace house with outline planning
•Tenanted: Current income of £5,940 per annum

This two bedroom end terrace property offers spacious accommodation arranged over two storeys. The property benefits from being situated on a larger than average plot having a gated driveway, detached garage and well-proportioned rear garden.

The property is sold with outline planning consent for one detached dwelling which will take the place of the garage and driveway if erected.

The house itself would benefit from a programme of refurbishment and upgrading throughout. The accommodation in brief comprises two reception rooms, a fitted kitchen and hallway to the ground floor. The first floor includes a landing, two double bedrooms, and a family bathroom.

Externally, the property benefits from a large garden, driveway parking and a detached garage.

Accommodation

Lounge 3.67m x 4.22m (max)
Dining room 3.87m x 3.96m (max)
Kitchen 2.27m x 3.43m
Bedroom 3.24m x 3.97m (max)
Bedroom 4.24m x 3.66m (max)
Bathroom 2.27m x 2.98m

Services

We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.

Investment Analysis

The property is currently let at £495 pcm (£5,940 pa), reflecting a current gross yield of 5.7%, based on the guide price.

There is great potential to increase capital value following a course of refurbishment to the current house and the addition of the three bedroom detached dwelling which the plot benefits from outline planning consent granted by Amber Valley Borough Council under the planning reference: AVA/2019/0673

Tenure

Freehold

Guide Price

£105,000+

Buyer’s Premium

2% (min. £3,600) inc. VAT.

Viewings

Viewings by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email property@johnpye.co.uk to arrange an appointment.

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