Auction Property 2 Bed House - End Terrace 

Swanwick Road, Leabrooks, Alfreton

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Features

  • Auction date: 28th & 29th October 2020
  • Traditional end terrace property
  • Two bedrooms plus attic
  • Sold with vacant possession
  • Potential rental income of £550 pcm (£6,600 per annum)
  • In need of some refurbishment
  • Approx. 75 Sq. M / 807 Sq. Ft (Taken From EPC)
  • Garden & detached garage
  • Popular residential location
  • Freehold

Quick Details

2 Bedrooms1 Reception1 Bathroom

Address

112 Swanwick RoadLeabrooksAlfretonDerbyshireDE55 1LL
Details
EPC
Map
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Property Details

•For Sale By Online Auction: 28th & 29th October 2020
•Guide Price: £62,500+
•Two-bedroom end terrace
•Vacant: potential income of £550 pcm (£6,600 pa)
•Potential gross yield of 10.56% based on the guide price

•For Sale By Online Auction: 28th & 29th October 2020
•Guide Price: £62,500+
•Two-bedroom end terrace
•Vacant: potential income of £550 pcm (£6,600 pa)
•Potential gross yield of 10.56% based on the guide price

The property is located on Swanwick Road, within Leabrooks. Leabrooks is a small urban locality in Derbyshire that merges with the villages of Somercotes and Swanwick. The property is conveniently located within close proximity to a range of amenities and is located just two miles from Alfreton town centre.

This property comprises accommodation over ground and first floors and includes an additional attic space. The ground floor comprises an open plan lounge/ dining room and fitted kitchen. Stairs from the open plan living space lead to two bedrooms and a family bathroom on the first floor. Additionally, there is an attic room to the second floor.

Externally, the property enjoys access over a driveway to the side which in turn gives access to a detached garage and enclosed rear garden with additional workshop and parking is available on the street.

Accommodation

Approx. 75 Sq. M / 807 Sq. Ft (Measurement taken From EPC)

Services

We understand the property benefits mains electricity, water, and drainage. However, interested parties should carry out their own enquiries.

Investment Analysis

The property is to be sold with vacant possession. However, we believe it is likely the property will let for £550 pcm (£6,600 per annum) following some refurbishment. This reflects a potential gross yield of 10.56%, based on the guide price.

Tenure

Freehold

Guide Price

£62,500+

Council Tax

This property is rated in Council Tax Band A. Annual council tax payable for 2020/2021 is £1,256.

Viewings

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

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If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

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