82 Norman Street, Ilkeston, Derbyshire DE7 8NL

For sale on 30 May 2024
The 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.
The auction will commence at 09:00.

A rare and exciting freehold residential investment opportunity, to acquire a substantial and particularly attractive three double bedroomed character residence, occupying a prominent corner plot position, requiring a full scheme of improvement and upgrading.

In our opinion there is significant scope to convert the property into a HMO or self contained flats, subject to obtaining the necessary planning consents. For example if the property were to be converted to either 6 or 7 bedroomed HMO property, we would anticipate an estimated gross rental income in the region of £35,000 to £40,000 per annum.

Constructed of traditional brick, set beneath a pitched tiled roof the character accommodation is mostly gas centrally heated with part uPVC double glazing and in brief comprises, entrance hallway with Minton tiled floor covering and original staircase to first floor, four well proportioned reception rooms with access to cellar and a galleried fitted kitchen with centre island unit measuring approx. 23ft in length. To the first floor landing, there are three genuine double bedrooms, spacious family bathroom with separate wc. There is a staircase leading to a large loft room that offers significant potential to convert into a bedroom or self contained studio subject to planning.

Outside there are walled gardens with decorative railings with courtyard and driveway leading to an attached brick built garage in need of repair.

The property is situated within the context of an established residential location, surrounded by similar style properties that in recent times have also been converted into flats or HMO properties.

Entrance hallway 15ft 2 x 3ft 3
Front sitting room with bay window 14ft 6 into bay x 13ft 5
Reception room 14ft 1 x 15ft into chimney recess
Reception room with staircase 16ft 4 into chimney recess x 14ft 1
Inner lobby with access to cellar
Separate dining room 15ft into chimney recess x 14ft 1
Inner lobby 7ft 8 x 3ft 9
Galleried kitchen 23ft 8 x 8ft
First floor landing with stair to attic room
Bedroom one 14ft 9 into chimney recess x 12ft 8
Bedroom two 13ft 8 into chimney recess x 14ft 1
Bedroom three 13ft x 12ft into chimney recess
Spacious family bathroom 10ft 6 x 10ft 5 into chimney recess
Separate wc 7ft 5 x 3ft 4
Loft/attic room 22ft 4 from wall to purlin x 23ft from purlin to purlin (restricted height)
Outside There are walled gardens with decorative railings with courtyard and driveway leading to an attached brick built garage in need of repair.
Flood Risk Rivers and Seas Very low. Surface Water Low.
Mobile Phone Coverage: O2, EE, Three and Vodafone available.
Broadband (Estimated Speeds): Standard 7 mbps, Superfast 51 mbps, Ultrafast 1000 mbps.
Satellite and Cable TV Availability: BT, Sky and Virgin are available.

Tenure: Freehold

EPC Rating: E

Terms:
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 Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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.

Additional Information:

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.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

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.