We are working within government safety guidelines at all times, hosting tightly controlled open days. We will work to a maximum of 1 booking per time slot. Viewers will be asked to stick to their time precisely, and to keep to the 2 metre rule if in the property at the same time as another person. The tenants are vacating the properties at the times of viewings but our host will accompany viewers (whilst maintaining distance). Attendees are allowed to bring one other person with them to a viewing provided that they are within the same household /support bubble. The wearing of face masks are required at this current time so viewers are asked to ensure they bring one with them, our host may have a small supply with them for those that have forgot to bring one. We will endeavour to supply hand sanitiser fluid at entrance and exit. Viewers are responsible for keeping up to date with local Government restrictions/guidelines and following them appropriately.
58 and 60 Parker Street, Derby, DE1 3HF (Sold as one)
Special conditions
Recommended for cash buyers. If you are planning on financing the purchase through a mortgage then please ensure that lending has been agreed prior to bidding as there will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the properties. Any attempt to serve notice on the tenants should be done by the new buyer post completion.
Two 2 Bedroom Terraced Houses, Numbers 58 & 60 Parker Street, Derby, DE1 3HF
Overview
*Attention Investors*
Hammer Price Homes are delighted to present for sale by online auction this unique opportunity to purchase adjoining 2 bedroom terraced houses in Derby. Both properties are being sold with sitting tenants and would make an ideal addition to a buy to let portfolio.
The properties, which mirror each other in layout, consist of a living room, dining room and kitchen to the ground floor, with 2 bedrooms and a bathroom to the first floor. Outside is a well sized garden to the rear.
Whilst both properties are being sold as one lot, they are registered individually. See the Land Registry documents that are available for download from the Hammer Price Homes website for more information.
If you are planning on financing the purchase through a mortgage then please ensure that lending has been agreed prior to bidding as there will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the properties.
Please see the other information section for further details in regards to the current rental agreements that are in place for each property.
To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on an open day.
Location
Parker street is conveniently located within walking distance to Derby City Centre which provides easy access to a wide range of amenities including extensive shopping facilities and bars and restaurants. Derby train station is around a mile and a half away from here, as is London Road Community Hospital.
Special Conditions
Recommended for cash buyers. If you are planning on financing the purchase through a mortgage then please ensure that lending has been agreed prior to bidding as there will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the properties. Any attempt to serve notice on the tenants should be done by the new buyer post completion.
Other Information
Tenure – Freehold (See land registry documents for further information)
Tenancy information – The current owner has provided the following information in regards to the tenants:
Number 60 PS pays £445 on the 1st of the month and has paid reliably since 2014. Number 58 pays £440 on 20th of month and has never missed a payment since moving in in 2012.
The current owner manages the tenancies themselves on rolling tenancies with rent increases annually or every second year with one month’s notice. Any attempt to serve notice on the tenants should be done post completion.
Auction Details
** Recommended for cash buyers only. 90 days to complete**
Please note that there is a Reservation fee (2.4% Inc. VAT) payable by the buyer on winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.
To view the property you must register and book on one of the open days as detailed on the website. Please note: Entrance will be refused if you are not on the list so please make sure you book your place using the online system. Open days are being operated on a safe basis with a maximum of 1 booking per time slot and attendees will asked to respect social distancing guidelines at all times. Attendees are allowed to bring one other person with them to a viewing provided that they are within the same household /support bubble. The wearing of face masks is required whilst in the property. Lists close 24 hours before the open day starts so book in plenty of time.
Auction ends – Thursday 18th March 2021 at 12:30pm
Bidding Window Opens – Tuesday 16th March 2021 (Bidding will not be possible until this time)
Starting price – £128,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
How to make an offer
Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.
Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed and the buyer honoured to pay it. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ’s on the site for more details.
The properties are sold as seen.
Ground Floor (each property)
Comprises of an entrance leading to these rooms:
First Floor
Comprises of a landing leading to these rooms:
Outside space:
Parking:
Parker Street, Derby DE1 3HF, UK
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