Sales & Letting Agent Based In Ripley, Derbyshire

Erewash Works, Ilkeston, DE7 8GU

For Sale - Guide Price £80,000

 2 Bedrooms       1 Bathroom       1 Reception

 Flat/Apartment - Leasehold

 7 Photos

 Ilkeston

 

 

 £630 Deposit

  • Two Bedroom First Floor Apartment
  • Private Converted Complex
  • Close to Town Centre
  • Close to Train Station
  • Currently Occupied by Tenant
  • Council Tax Band A

Unconditional Online Auction Sale -
Guide Price: £80,000 plus fees*

A two bedroom apartment situation within a private converted apartment complex in Ilkeston.

This apartment is ideally located within close proximity of Ilkeston's train station, making it perfect for the working professional looking to commute. The accommodation comprises: External staircase to Entrance Hall, Kitchen/Living area, Shower Room. Bedroom and staircase to master Bedroom. Electric Heating and uPVC double glazed windows.

Please note, the apartment is currently rented out on an Assured Shorthold Tenancy Agreement and is achieving £550pcm. The images may slightly differ as were taken before occupation.

The management pack is to follow. However, the vendor advises the 2022 service charges were £1,700 and ground rent was £250. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Leasehold Length of lease: TBC
Current ground rent: TBC
Ground rent review period: TBC
Current service charge: TBC
Service charge review period: TBC

This information should be clarified in the legal pack and we’ll update the information above when we receive it.


ENTRANCE HALL AND HALLWAY
External staircase to private composite access door opening to Entrance Hall with intercom, opaque uPVC double glazed windows, electric wall mounted heater and Karndean wood effect floor covering.

KITCHEN / LIVING AREA 5.03m (16'6") x 4.14m (13'7")
having a range of modern high and low level wall and base units with wood effect rolled edge work surfaces and complimentary splash back tiling, electric built-in oven, four ring electric hob with stainless steel extractor hood over, stainless steel sink unit with mixer tap, electric wall mounted heater, TV point, 2 x uPVC double glazed windows and Karndean wood effect floor covering

BEDROOM TWO 2.39m (7'10") x 2.92m (9'7")
electric wall mounted heater, carpet floor, TV point and uPVC double glazed window enjoying far reaching views

SHOWER ROOM 2.06m (6'9") x 2.41m (7'11")
having a white three piece suite comprising shower cubicle with electric shower, pedestal wash hand basin and low flush WC, electric chrome effect towel heater, extractor fan, Karndean wood effect floor covering and opaque uPVC double glazed window

STAIRCASE
the stairs leads from the Hallway to the Master Bedroom

BEDROOM ONE 3.48m (11'5") x 2.29m (7'6")
electric wall mounted heater, carpet floor, TV point and uPVC double glazed window.

OUTSIDE
secured gated access to communal courtyard.

LEASEHOLD INFORMATION
Full details of the service charge, ground rent and lease length can be found in the Legal Pack.

Auction Method
The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property.

The timeslot for the auction is displayed on SDL Property Auctions’ website. To view this, search for the property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page.

You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.

When you place your bid, you are deemed to have agreed to SDL Property Auctions’ Buyers Terms (England & Wales) which are available on SDL Property Auctions website.


Auction type- Unconditional with Variable Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.

Auction Fees
The following non-refundable fees apply:

· Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:

(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000

(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000

The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). 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.


Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.

Payment Method
When you register to bid, you will be prompted to provide your payment details to SDL Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer’s Fee & Deposit. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.

Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:

· Buyer’s Fee of £7,200- 4.8% of guide price

· Deposit of £7,500- 5% of the guide price

As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:

· £960 for Buyer’s Fee shortfall (£8160 due as 4.8% of actual purchase price)

· £1,000 for Deposit shortfall (£8500 due as 5% of actual purchase price



Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.

To view the legal pack, first search for the property on SDL Property Auctions’ website and click onto the property to view the property details. There will be a sub-heading “Legal Documents”. Underneath this, you will be prompted to “Log in to view the legal documents”. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.

The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.

It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.


Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.



Registration Process:
To register to bid on the property, search for the lot on SDL Property Auctions website. Click onto the property, follow the link to “Log in/register to bid” , and you will then be directed to create an account with the online-bidding platform provider, EIG.

DISCLAIMER
These property particulars do not constitute or form part of the offer or contract. All measurements are approximate. Any appliances or services to be included in the sale have not been tested by ourselves and accordingly we recommend that all interested parties satisfy themselves as to the condition and working order prior to purchasing. None of the statements contained in these particulars or floor plans are to be relied on as statements or representations of fact and any intending purchaser must satisfy themselves by inspection or perusal of the title to the property or otherwise as to the correctness of each of the statements contained in these particulars. The vendor does not make, warrant or give, neither do All Agreed Limited and any persons in their employment have any authority to make or give, any representation or warranty whatsoever in relation to this property. All photographs/images are to give a visual guide only and items and appliances shown within the photographs/images are not necessarily included in the sale.

Reference: ELT2000112


Tenant Fees

As well as paying the rent, you may also be required to make the following permitted payments.

PERMITTED PAYMENTS

BEFORE THE TENANCY STARTS (PAYABLE TO ALL AGREED LTD (THE AGENT))

Holding Deposit 1 weeks rent
Deposit 5 weeks rent

DURING THE TENANCY (PAYABLE TO THE AGENT)

Payment of up to £50.00 if you want to change the tenancy agreement

Payment of interest for the late payment of rent at a rate of 3% above Bank of England base rate

At Cost payment for the reasonably incurred costs for the loss of keys/security devices

Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy

DURING THE TENANCY (PAYABLE TO THE PROVIDER) IF PERMITTED AND APPLICABLE

Utilities (gas, electricity, water)
Communications (telephone and broadband)
Installation of cable/satellite
Subscription to cable/satellite supplier
Television licence
Council Tax

OTHER PERMITTED PAYMENTS

Any other permitted payments, not included above, under the relevant legislation including contractual damages.

INSURANCE

Under the terms of the tenancy agreement the tenant will be legally responsible for any damage you cause to the landlords property and possessions. The Tenant is required to obtain Liability Insurance or an equivalent policy and provide a copy of the Insurance Certificate prior to keys being released for the property. The tenant is free to purchase from the provider of their choice.

TENANT PROTECTION

All Agreed Limited is a member of Propertymark, which is a client money protection scheme, and also a member of The Property Ombudsman Scheme which is a redress scheme. You can find out more details on the agents website or by contacting the agent directly.


Disclaimer


Contact All Agreed for more details

 31 Market Place, Ripley, DE5 3HA    |     01159325523   |    lettings@allagreed.co.uk

Share via social media


Members
Arrange your FREE property valuation

Properties you have recently viewed: